Chevrolet Spark Depreciation

A Chevrolet Spark will depreciate 52% after 5 years and have a 5 year resale value of $7,883.

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 year, 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 $4,422 73.08% $12,004 13,500 2021
2 $5,703 65.28% $10,723 27,000 2022
3 $6,771 58.78% $9,655 40,500 2023
4 $7,622 53.60% $8,804 54,000 2024
5 $8,543 47.99% $7,883 67,500 2025
6 $9,793 40.38% $6,633 81,000 2026
7 $10,646 35.19% $5,780 94,500 2027
8 $11,079 32.55% $5,347 108,000 2028
9 $11,166 32.02% $5,260 121,500 2029
10 $11,561 29.62% $4,865 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $4,422 73.08% $12,004
2 $5,703 65.28% $10,723
3 $6,771 58.78% $9,655
4 $7,622 53.60% $8,804
5 $8,543 47.99% $7,883
6 $9,793 40.38% $6,633
7 $10,646 35.19% $5,780
8 $11,079 32.55% $5,347
9 $11,166 32.02% $5,260
10 $11,561 29.62% $4,865

Chevrolet Spark Depreciation Calculator

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If you purchase a used Chevrolet Spark that is 2 years old, then you could save $5,703 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 $2,840. 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, 73% 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 $12,053 $201 $4,373 26.62% 73.08% Best
2018 $16,396 $10,966 $263 $1,087 9.02% 65.28% Better
2017 $15,947 $9,732 $359 $1,234 11.25% 58.78% Better
2016 $15,740 $8,859 $422 $873 8.97% 53.6% Good
2015 $15,110 $7,800 $549 $1,059 11.95% 47.99% Good
2014 $14,977 $6,829 $781 $971 12.45% 40.38%
2013 $14,732 $6,076 $892 $753 11.03% 35.19%
Year Price % Paid Value Rank
2020 $16,426 100%
2019 $12,053 73.08% Best
2018 $10,966 65.28% Better
2017 $9,732 58.78% Better
2016 $8,859 53.6% Good
2015 $7,800 47.99% Good
2014 $6,829 40.38%
2013 $6,076 35.19%
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 September 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.