Depreciation
The depreciation graph and accompanying table on our page detail how the 2008 VOLVO XC70's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2008 VOLVO XC70 in 2008 was $43,825.
The average price for used 2008 VOLVO XC70 nowadays in 2024 is $6,500 which is 15% from the original price.
Estimated mileage driven per year is 11,528 miles.
The graph below is a depreciation curve for 2008 VOLVO XC70. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2008 VOLVO XC70 in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2008 MSRP | 0 mi | $43,825 | — | — | 100% | 0% |
| 2016 | 103,752 mi | $18,590 | +$0 | +0% | 42.42% | 57.58% |
| 2017 | 115,280 mi | $15,995 | +$2,595 | +13.96% | 36.5% | 63.5% |
| 2018 | 126,808 mi | $15,795 | +$200 | +1.25% | 36.04% | 63.96% |
| 2019 | 138,336 mi | $14,000 | +$1,795 | +11.36% | 31.95% | 68.05% |
| 2020 | 149,864 mi | $11,926 | +$2,074 | +14.81% | 27.21% | 72.79% |
| 2021 | 161,392 mi | $8,995 | +$2,931 | +24.58% | 20.52% | 79.48% |
| 2022 | 172,920 mi | $8,995 | +$0 | +0% | 20.52% | 79.48% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the VOLVO XC70’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2008 VOLVO XC70. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2008 VOLVO XC70 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 45,000 mi | $13,398 | 16 sales |
| 55,000 mi | $13,991 | 18 sales |
| 60,000 mi | $11,999 | 20 sales |
| 65,000 mi | $10,973 | 30 sales |
| 70,000 mi | $10,475 | 27 sales |
| 75,000 mi | $9,223 | 48 sales |
| 80,000 mi | $8,999 | 58 sales |
| 85,000 mi | $10,348 | 54 sales |
| 90,000 mi | $9,995 | 85 sales |
| 95,000 mi | $9,965 | 92 sales |
| 100,000 mi | $8,999 | 119 sales |
| 105,000 mi | $8,995 | 80 sales |
| 110,000 mi | $8,463 | 114 sales |
| 115,000 mi | $8,499 | 145 sales |
| 120,000 mi | $7,995 | 106 sales |
| 125,000 mi | $7,983 | 145 sales |
| 130,000 mi | $7,995 | 111 sales |
| 135,000 mi | $7,709 | 139 sales |
| 140,000 mi | $7,300 | 93 sales |
| 145,000 mi | $6,998 | 129 sales |
| 150,000 mi | $6,845 | 94 sales |
| 155,000 mi | $6,725 | 80 sales |
| 160,000 mi | $6,995 | 94 sales |
| 165,000 mi | $5,988 | 65 sales |
| 170,000 mi | $5,960 | 75 sales |
| 175,000 mi | $5,985 | 72 sales |
| 180,000 mi | $5,990 | 51 sales |
| 185,000 mi | $4,997 | 51 sales |
| 190,000 mi | $4,600 | 20 sales |
| 195,000 mi | $4,590 | 23 sales |
| 200,000 mi | $4,373 | 21 sales |
| 205,000 mi | $4,850 | 24 sales |
| 210,000 mi | $4,098 | 14 sales |
| 215,000 mi | $4,247 | 14 sales |
| 220,000 mi | $4,990 | 15 sales |
| 225,000 mi | $4,199 | 16 sales |
Frequently asked questions
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Other years of VOLVO XC70
2005 VOLVO XC70
$5,998 average used price
1,200+ sales records
2007 VOLVO XC70
$6,999 average used price
1,700+ sales records
2009 VOLVO XC70
$7,925 average used price
1,300+ sales records
2011 VOLVO XC70
$8,995 average used price
2,200+ sales records
2012 VOLVO XC70
$11,926 average used price
2,500+ sales records
2014 VOLVO XC70
$15,795 average used price
1,300+ sales records
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