Chevrolet Spark Depreciation

A Chevrolet Spark will depreciate 48% after 5 years and have a 5 year resale value of $8,601.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $16,531 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 Calculator

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Chevrolet Spark Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,331 73.80% $12,200 12,000 2022
2 $5,002 69.74% $11,529 24,000 2023
3 $6,037 63.48% $10,494 36,000 2024
4 $7,079 57.18% $9,452 48,000 2025
5 $7,930 52.03% $8,601 60,000 2026
6 $8,996 45.58% $7,535 72,000 2027
7 $10,092 38.95% $6,439 84,000 2028
8 $10,808 34.62% $5,723 96,000 2029
9 $11,601 29.82% $4,930 108,000 2030
10 $12,693 23.22% $3,838 120,000 2031

Chevrolet Spark Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,331 73.80% $12,200
2 $5,002 69.74% $11,529
3 $6,037 63.48% $10,494
4 $7,079 57.18% $9,452
5 $7,930 52.03% $8,601
6 $8,996 45.58% $7,535
7 $10,092 38.95% $6,439
8 $10,808 34.62% $5,723
9 $11,601 29.82% $4,930
10 $12,693 23.22% $3,838

Buying a Chevrolet Spark New vs Used

If you purchase a used Chevrolet Spark that is 2 years old, then you could save $5,002 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 $2,928. 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 2020 Chevrolet Spark is our top pick for the best model year value for the Spark. With the 2020, you would only pay, on average, 74% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 and 2018 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
2021 $16,531 $16,531 $200 $0 0% 100%
2020 $16,426 $12,356 $234 $4,175 25.26% 73.8% Best
2019 $16,217 $11,606 $296 $750 6.07% 69.74% Better
2018 $16,396 $10,800 $392 $806 6.94% 63.48% Better
2017 $15,947 $9,574 $455 $1,226 11.35% 57.18% Good
2016 $15,740 $8,772 $582 $802 8.38% 52.03% Good
2015 $15,110 $7,702 $815 $1,070 12.2% 45.58%
2014 $14,977 $6,758 $925 $944 12.26% 38.95%
2013 $14,732 $6,098 $998 $660 9.77% 34.62%
Year Price % Paid Value Rank
2021 $16,531 100%
2020 $12,356 73.8% Best
2019 $11,606 69.74% Better
2018 $10,800 63.48% Better
2017 $9,574 57.18% Good
2016 $8,772 52.03% Good
2015 $7,702 45.58%
2014 $6,758 38.95%
2013 $6,098 34.62%

Chevrolet Spark Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Chevrolet Spark ranks for Depreciation compared to other vehicles. Also check out how the Spark stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

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: