Chevrolet Spark Depreciation

A Chevrolet Spark will depreciate 52% after 5 years and have a 5 year resale value of $7,847.

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. It also assumes a selling price of $16,426 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Chevrolet Spark.

Chevrolet Spark Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,453 72.89% $11,973 13,500 2021
2 $5,736 65.08% $10,690 27,000 2022
3 $6,805 58.57% $9,621 40,500 2023
4 $7,656 53.39% $8,770 54,000 2024
5 $8,579 47.77% $7,847 67,500 2025
6 $9,829 40.16% $6,597 81,000 2026
7 $10,683 34.96% $5,743 94,500 2027
8 $11,114 32.34% $5,312 108,000 2028
9 $11,207 31.77% $5,219 121,500 2029
10 $11,599 29.39% $4,827 135,000 2030

Chevrolet Spark Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,453 72.89% $11,973
2 $5,736 65.08% $10,690
3 $6,805 58.57% $9,621
4 $7,656 53.39% $8,770
5 $8,579 47.77% $7,847
6 $9,829 40.16% $6,597
7 $10,683 34.96% $5,743
8 $11,114 32.34% $5,312
9 $11,207 31.77% $5,219
10 $11,599 29.39% $4,827

Chevrolet Spark Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Chevrolet Spark that is 2 years old, then you could save $5,736 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 $2,843. 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 $200 $0 0% 100%
2019 $16,217 $12,053 $233 $4,373 26.62% 72.89% Best
2018 $16,396 $10,966 $296 $1,087 9.02% 65.08% Better
2017 $15,947 $9,732 $392 $1,234 11.25% 58.57% Better
2016 $15,740 $8,859 $455 $873 8.97% 53.39% Good
2015 $15,110 $7,800 $582 $1,059 11.95% 47.77% Good
2014 $14,977 $6,829 $814 $971 12.45% 40.16%
2013 $14,732 $6,076 $925 $753 11.03% 34.96%
Year Price % Paid Value Rank
2020 $16,426 100%
2019 $12,053 72.89% Best
2018 $10,966 65.08% Better
2017 $9,732 58.57% Better
2016 $8,859 53.39% Good
2015 $7,800 47.77% Good
2014 $6,829 40.16%
2013 $6,076 34.96%

Other Chevrolet Spark Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Chevrolet Spark costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: