Toyota Corolla Depreciation

Toyota Corolla Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid % Left Years Left Net Used Value
2020 $21,761 $21,761 $107 $0 0% 100% 100% 12 0
2019 $20,484 $17,372 $128 $4,389 20.17% 84.18% 91.67% 11 7.49
2018 $19,344 $14,653 $168 $2,719 15.65% 74.88% 83.33% 10 8.45
2017 $19,290 $14,394 $229 $259 1.77% 73.43% 75% 9 1.57
2016 $19,013 $12,065 $270 $2,329 16.18% 62.04% 66.67% 8 4.63
2015 $18,867 $11,078 $351 $987 8.18% 56.86% 58.33% 7 1.47
2014 $18,425 $10,475 $499 $603 5.44% 54.14% 50% 6 -4.14
2013 $17,091 $9,041 $570 $1,434 13.69% 49.56% 41.67% 5 -7.89
2012 $16,908 $8,350 $617 $691 7.64% 45.74% 33.33% 4 -12.41
2011 $16,691 $7,726 $710 $624 7.47% 42.03% 25% 3 -17.03
2010 $17,121 $6,861 $730 $865 11.2% 35.81% 16.67% 2 -19.14
2009 $17,025 $6,243 $842 $618 9.01% 31.72% 8.33% 1 -23.39
2008 $14,750 $5,464 $1,000 $779 12.48% 30.26% 0% 0 -30.26
Year Price % Paid % Left NUV
2020 $21,761 100% 100% 0
2019 $17,372 84.18% 91.67% 7.49
2018 $14,653 74.88% 83.33% 8.45
2017 $14,394 73.43% 75% 1.57
2016 $12,065 62.04% 66.67% 4.63
2015 $11,078 56.86% 58.33% 1.47
2014 $10,475 54.14% 50% -4.14
2013 $9,041 49.56% 41.67% -7.89
2012 $8,350 45.74% 33.33% -12.41
2011 $7,726 42.03% 25% -17.03
2010 $6,861 35.81% 16.67% -19.14
2009 $6,243 31.72% 8.33% -23.39
2008 $5,464 30.26% 0% -30.26
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About The Numbers

Our depreciation figures are calculated by aggregating then analyzing pricing, sales and other related automotive data sets.

Here are some brief descriptions of the columns:
  • Year - The vehicle model year.
  • New Price - The geometric mean new price paid of that model year grouped by most the popular trim levels.
  • Current Price - The geometric mean listing price of a used model of that year grouped by the same trim levels.
  • Maintenance - Estimated maintenance and repair costs during that year of ownership.
  • $ Decline - Year over Year price decline.
  • % Decline - Year over Year percentage of decline.
  • % Paid - Percentage paid of the original price.
  • % Left - Percentage left of reliable years of the vehicle.
  • Years Left - Current industry average of years remaining with predictable maintenance and repair costs.
  • Net Used Value - Our ranking & sorting index to help you find the model years with the most value.
2,344,925 total data points last analyzed on 04/16/2020.
More questions? Check out our Q&A section here.

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Our Toyota Corolla Depreciation Analysis and Recommendations

The Toyota Corolla does very well in holding its value, and surprisingly, beats out its bigger cousin, the Camry, by quite a bit. Whereas the Camry fall in the middle of the pack in terms of value retention, the Corolla scores in the top 20 in year 5 and 6th place by year 7. This shows that the Corolla provides a great value, whether new or used, and for those on a budget, it is a great economical car which will be light on your wallet or purse, no matter how old it is.

The 2018, 2019 & 2016 Toyota Corolla model years are currently the best values.

On average, expect to pay only 75% of the original cost with 83% of the vehicle's lifetime remaining for a 2018 Corolla. That gives it a Net Used Value score of 8.45 which factors in annual maintenance costs, price decline, reliable years left and available inventory.

Also consider the 2019 & 2016 Corolla model years. Those currently have a generally low risk of any significant depreciation over the next several years.

Own a 2018 Toyota Corolla?

While we would advise holding onto this vehicle for a few years, that's not always the plan. Dealers have access to similar figures so they know that your vehicle has a low risk of depreciation.