Chevrolet Spark Depreciation

A Chevrolet Spark will depreciate 53% after 5 years and have a 5 year resale value of $7,710.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per, and assumes a purchase price of $16,426 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Chevrolet Spark Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,535 72.39% $11,891 13,500 2021
2 $5,426 66.97% $11,000 27,000 2022
3 $6,621 59.69% $9,805 40,500 2023
4 $7,663 53.35% $8,763 54,000 2024
5 $8,716 46.94% $7,710 67,500 2025
6 $9,913 39.65% $6,513 81,000 2026
7 $10,665 35.07% $5,761 94,500 2027
8 $10,808 34.20% $5,618 108,000 2028
9 $11,538 29.76% $4,888 121,500 2029
10 $11,904 27.53% $4,522 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $4,535 72.39% $11,891
2 $5,426 66.97% $11,000
3 $6,621 59.69% $9,805
4 $7,663 53.35% $8,763
5 $8,716 46.94% $7,710
6 $9,913 39.65% $6,513
7 $10,665 35.07% $5,761
8 $10,808 34.20% $5,618
9 $11,538 29.76% $4,888
10 $11,904 27.53% $4,522

Chevrolet Spark Depreciation Calculator

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If you purchase a used Chevrolet Spark that is 2 years old, then you could save $5,426 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $3,290. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Spark models become available.

The Best Model Years to Buy a Chevrolet Spark

The 2019 Chevrolet Spark is our top pick for the best model year value for the Spark. With the 2019, you would only pay, on average, 72% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2017 model years are also attractive years for the Spark, and provide a relatively good value. Our rankings consider multiple factors, including the Spark's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Chevrolet Spark models.

Chevrolet Spark Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $16,426 $16,426 $167 $0 0% 100%
2019 $16,217 $11,940 $201 $4,486 27.31% 72.39% Best
2018 $16,396 $11,244 $263 $696 5.83% 66.97% Better
2017 $15,947 $9,878 $359 $1,366 12.15% 59.69% Better
2016 $15,740 $8,819 $422 $1,059 10.72% 53.35% Good
2015 $15,110 $7,642 $549 $1,177 13.35% 46.94% Good
2014 $14,977 $6,720 $781 $922 12.06% 39.65%
2013 $14,732 $6,059 $892 $661 9.84% 35.07%
Year Price % Paid Value Rank
2020 $16,426 100%
2019 $11,940 72.39% Best
2018 $11,244 66.97% Better
2017 $9,878 59.69% Better
2016 $8,819 53.35% Good
2015 $7,642 46.94% Good
2014 $6,720 39.65%
2013 $6,059 35.07%
Our Favorite Chevrolet Spark Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in April 2020.

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.

If you would like to know more about our data and process, check out our FAQ here.