1 Answers
NightWatcher
Updated:04/09/2024
The resale value of the Mazda CX-5 varies significantly by model year, influenced by factors such as mileage, condition, and market demand.
Factors Affecting Resale Value
- Mileage
- Condition of the vehicle
- Market demand
- Maintenance history
- Features and options
Yearly Resale Value Analysis
| Model Year | Average Resale Value | Depreciation Rate |
|---|---|---|
| 2013 | $15,000 | 40% |
| 2014 | $18,000 | 35% |
| 2015 | $21,000 | 30% |
| 2016 | $24,500 | 25% |
| 2017 | $27,000 | 20% |
| 2018 | $30,000 | 15% |
| 2019 | $32,000 | 10% |
| 2020 | $34,500 | 5% |
| 2021 | $36,000 | 3% |
| 2022 | $37,500 | 1% |
Analysis of Resale Value Trends
The resale value of the Mazda CX-5 demonstrates an overall trend of decreasing depreciation rates as the model years progress. Older models have a steeper depreciation due to market saturation and changing consumer preferences.
Key Insights
- The 2013 model shows the highest depreciation, whereas the 2022 model has a much lower rate.
- Condition and mileage heavily impact the resale value across all model years.
- Demand in the used car market can vary based on new model releases, affecting older models more.
Mind Map of Factors Influencing Resale Value
Resale Value > Factors Influencing
– Age of Vehicle
– Condition
– Mileage
– Market Demand
– Maintenance
– Features
Conclusion
The Mazda CX-5 maintains its value relatively well compared to other vehicles in its class, particularly for newer models. Buyers looking at older models should consider the condition and mileage carefully.
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