Chevrolet Depreciation and Resale Value Estimator

Organize vehicle details and comparable listings to estimate a possible resale-value range when adequate market data is available.

About the Chevrolet Depreciation and Resale Value Estimator

Understanding resale value helps with trade-in decisions and total cost of ownership. The Chevrolet Depreciation and Resale Value Estimator organizes vehicle details and comparable listings to estimate a possible resale-value range.

Enter model, year, trim, mileage, condition, original purchase price, and up to three comparable listing prices. The tool blends comparables with a depreciation curve to produce a low, mid, and high estimate.

Formula used

if comparables entered:
  average = mean of comparable prices
  mileage adjustment = -0.05 x ((mileage - 12000 x age) / 10000) if above average miles
  condition factor = 1.05 (excellent), 1.0 (good), 0.92 (fair), 0.85 (poor)
  estimate = average x (1 + mileage adjustment) x condition factor
else:
  estimate = purchase price x 0.85^age x condition factor
range = estimate x 0.9 to estimate x 1.1

How to use

  • Enter vehicle details and mileage.
  • Enter comparable listing prices if available.
  • Click Estimate to see a low, mid, and high range.

Limitations

Values are not guaranteed offers and vary by location, condition, and market. This is an estimate for planning only.

Frequently asked questions

How many comparables should I enter?

Three or more comparable listings improve accuracy.

Does mileage matter?

Yes. Above-average mileage reduces the estimate; below-average can increase it.

How is age calculated?

Age is the current year minus the model year.

References