Car Depreciation Project

By: Collin King and Abhishek Mohan - 7th Period

Muscle Cars

Big image

Audi S5

Big image
  • Audi S5
    2014-
    $47,998; 10,727 miles
    2013- $41,995; 29,857 miles
    2012- $35,998; 35,513 miles
    2011- $33,987; 48,914 miles
    2010- $30,499; 59,254 miles

Regression Equation: y = 52,600.21 x 0.89^x

Rate of Depreciation: 11%

2015 Model Prediction- $59,101

Actual 2015 Model Cost- $54,500

.

X-Axis: Number of Years Used For

Y-Axis: Cost of Car

Big image

Mustang V6

Big image
  • Mustang V6
    2014- $18,981; 10,740 miles
    2013- $16,424; 22,104 miles
    2012- $15,898; 34,689 miles
    2011- $14,543; 49,432 miles
    2010- $13,671; 62,450 miles

Regression Equation: y = 19,956.19 x 0.93^x

Rate of Depreciation: 7%

2015 Model Prediction- $21,458

Actual 2015 Model Cost- $25,119

.

X-Axis: Number of Years Used For

Y-Axis: Cost of Car

Big image

Chevrolet Corvette Coupe

Big image
  • Chevrolet Corvette Coupe
    2014- $52,979; 10,831 miles
    2013- $47,996; 22,786 miles
    2012- $42,990; 36,893 miles
    2011- $40,800; 45,760 miles
    2010- $39,650; 59,567 miles

Regression Equation: y = 55,743.69 x 0.93^x

Rate of Depreciation: 7%

2015 Model Prediction- $59,939

Actual 2015 Model Cost- $55,000

.

X-Axis: Number of Years Used For

Y-Axis: Cost of Car

Big image

Dodge Challenger SXT

Big image
  • Dodge Challenger SXT
    2014- $21,995; 14,355 miles
    2013- $20,398; 22,968 miles
    2012- $17,799; 36,057 miles
    2011- $16,462; 47,306 miles
    2010- $15,478; 61,848 miles

Regression Equation: y = 24,054.59 x 0.91^x

Rate of Depreciation: 9%

2015 Model Prediction- $26,434

Actual 2015 Model Cost- $26,995

.

X-Axis: Number of Years Used For

Y-Axis: Cost of Car

Big image

Comparison of all Cars

  • Audi S5 - Blue - 11% depreciation
  • Mustang V6 - Purple - 7% depreciation
  • Chevrolet Corvette Coupe - Green - 7% depreciation
  • Dodge Challenger SXT - Orange - 9% depreciation
Big image

WHICH IS THE BEST PURCHASE???

Chevrolet Corvette Coupe

2015 Predicted Cost- $59,939 Actual Cost- $55,000 Act cost is 8.2% lower than predicted

2014 Predicted Cost- $55,744 Actual Cost- $52,979 Act cost is 5.0% lower than predicted

2013 Predicted Cost- $51,842 Actual Cost- $47,996 Act cost is 7.4% lower than predicted

2012 Predicted Cost- $48,213 Actual Cost- $42,990 Act cost is 10.8% lower than predicted

2011 Predicted Cost- $44,838 Actual Cost- $40,800 Act cost is 9.0% lower than predicted

2010 Predicted Cost- $41,699 Actual Cost- $39,650 Act cost is 4.9% lower than predicted

Best Time to Buy Car: 2012

.

2012 Chevrolet Corvette Coupe

Big image