Depreciation
Chevrolet Depreciation
Brand new Chevrolet vehicles depreciate 48% after 5 years on average.
2024 is our top pick for the best model year value for Chevrolet vehicles. With the 2024, you would only pay, on average, 74% of the price as new, with 92% of the vehicle's useful life remaining. The 2023 and 2022 model years are also attractive years for Chevrolet models, and provide a relatively good value.
Our rankings consider multiple factors, including original new prices, current prices, maintenance costs and remaining years of overall predictable expenses. Our top ranked model year represents the most car for the money with a Chevrolet model.
Chevrolet Average Depreciation Curve
Model year — % of original value retained today
Chevrolet Depreciation by Year
| Year | Depreciation | Residual Value | Percent Left | Value Rating |
|---|---|---|---|---|
| 2024 | 26.2% | 73.8% | 91.7% | Best |
| 2023 | 32.6% | 67.4% | 83.3% | Better |
| 2022 | 36.2% | 63.8% | 75.0% | Better |
| 2021 | 41.5% | 58.5% | 66.7% | Good |
| 2020 | 48.4% | 51.6% | 58.3% | Good |
| 2019 | 52.9% | 47.1% | 50.0% | |
| 2018 | 57.2% | 42.8% | 41.7% | |
| 2017 | 60.4% | 39.6% | 33.3% | |
| 2016 | 63.0% | 37.0% | 25.0% | |
| 2015 | 65.8% | 34.2% | 16.7% | |
| 2014 | 68.4% | 31.6% | 8.3% | |
| 2013 | 70.7% | 29.3% | 0.0% |
| Year | Depreciation | Residual Value | Value Rating |
|---|---|---|---|
| 2024 | 26.2% | 73.8% | Best |
| 2023 | 32.6% | 67.4% | Better |
| 2022 | 36.2% | 63.8% | Better |
| 2021 | 41.5% | 58.5% | Good |
| 2020 | 48.4% | 51.6% | Good |
| 2019 | 52.9% | 47.1% | |
| 2018 | 57.2% | 42.8% | |
| 2017 | 60.4% | 39.6% | |
| 2016 | 63.0% | 37.0% | |
| 2015 | 65.8% | 34.2% | |
| 2014 | 68.4% | 31.6% | |
| 2013 | 70.7% | 29.3% |
Best Year to Buy a Chevrolet
The 2024 Chevrolet offers the best value for money. You pay only 74% of the original price with 92% of useful life remaining. Other great options include the 2023 and 2022 model years.
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Chevrolet Depreciation by Model
Select a model to see its full depreciation curve and historical data.
Chevrolet Camaro
Coupe
Chevrolet Corvette Stingray
Coupe
Chevrolet Corvette Z06
Coupe
Chevrolet Express Cargo
Full Size Van
Chevrolet Express Passenger
Full Size Van
Chevrolet Silverado 2500HD
Heavy-Duty
Chevrolet Silverado 3500HD
Heavy-Duty
Chevrolet Colorado
Pickup
Chevrolet Silverado 1500
Pickup
Chevrolet Silverado EV
Pickup
Chevrolet Malibu
Sedan
Chevrolet Blazer
SUV
Chevrolet Blazer EV
SUV
Chevrolet Equinox
SUV
Chevrolet Equinox EV
SUV
Chevrolet Suburban
SUV
Chevrolet Tahoe
SUV
Chevrolet Trailblazer
SUV
Chevrolet Traverse
SUV
Chevrolet Trax
SUV
“Useful Lifespan” and Methodology
While the “Useful Lifespan” of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data — and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.
We aggregate and analyze millions of automotive data points from a variety of the industry's leading data providers. The insights and information on this page represent the overall averages of the combined costs of vehicle ownership. This information should be used as a general guide, as your individual results may vary significantly from that which is shown. Our mission is to provide car buyers with the resources they need to make informed purchase decisions. To learn more, see our FAQs.
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