Chevrolet Traverse Resale Value and Depreciation
See how much the Chevrolet Traverse depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Chevrolet Traverse depreciates 51.5 percent after five years, resulting in a resale value of $18,247. In comparison, the midsize SUV category, which the Chevrolet Traverse belongs to, loses 48.5 percent of its value after five years. For further context, the five-year depreciation for all SUVs is 47 percent and for all vehicles is 43.7 percent.
If you plan to drive a new Chevrolet Traverse for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Chevrolet Traverse sees a depreciation of 35.4 percent with a resale value of $24,296. Its 7-year depreciation is 65.6 percent and 10-year depreciation is 76.5 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Chevrolet Traverse depreciates 51.5 percent after five years, resulting in a resale value of $18,247. In comparison, the midsize SUV category, which the Chevrolet Traverse belongs to, loses 48.5 percent of its value after five years. For further context, the five-year depreciation for all SUVs is 47 percent and for all vehicles is 43.7 percent.
If you plan to drive a new Chevrolet Traverse for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Chevrolet Traverse sees a depreciation of 35.4 percent with a resale value of $24,296. Its 7-year depreciation is 65.6 percent and 10-year depreciation is 76.5 percent.
Chevrolet Traverse Depreciation After 3, 5, 7 and 10 Years
Chevrolet Traverse Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
35.4% |
$13,304 |
64.6% |
$24,296 |
|
5 Years |
51.5% |
$19,353 |
48.5% |
$18,247 |
|
7 Years |
65.6% |
$24,653 |
34.4% |
$12,947 |
|
10 Years |
76.5% |
$28,780 |
23.5% |
$8,820 |
Chevrolet Traverse Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
Chevrolet Traverse |
35.4% |
51.5% |
65.6% |
76.5% |
|
All Midsize SUVs |
34.5% |
48.5% |
59.1% |
69.7% |
|
All SUVs |
32.4% |
47% |
58.2% |
69.1% |
|
All Cars |
30.5% |
43.7% |
54.5% |
65.7% |
Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the car's automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.