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What is the average Volvo depreciation rate?
I bought a new Volvo a few years ago, but I’m already itching to buy something new. I’m probably going to sell it, but I’m not sure about the timeline. How long do Volvos hold their value?
Macy Fouse · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
As a luxury brand, Volvo’s depreciation rates are slightly higher than average—but Volvos depreciate even quicker than rivals like BMW and Audi. Volvos depreciate about 20% in the first year. A
Volvo’s resale value
dips below 50% of the original value after just six years of ownership. Here’s what the rate of depreciation looks like across all Volvo models on average:
Model year | Depreciation rate | Residual value |
|---|---|---|
2022 | 0.0% | 100% |
2021 | 12.0% | 88.0% |
2020 | 16.8% | 83.2% |
2019 | 21.8% | 78.2% |
2018 | 29.0% | 71.0% |
2017 | 41.8% | 58.2% |
2016 | 50.3% | 49.8% |
2015 | 55.1% | 44.9% |
These are based on averages, though. The value of your specific car will come down to factors like the mileage, accident history, condition, and popularity. You can find out the resale value of your Volvo by using an online calculator on sites like Kelley Blue Book or Consumer Reports.
Whether or not you decide to sell anytime soon, you’re going to need
Volvo car insurance
until you sign away your ownership—so you might as well have the cheapest policy in the meantime. That’s where Jerry
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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