A 2023 Toyota Camry Hybrid depreciates roughly 8% per year over the first three years. This means your Camry loses about $6,900 in value during that timeframe.
Depreciation by Year
Here's what you can expect:
| Time Period | Depreciation | Residual Value |
|---|---|---|
| After 1 year | 16% | 84% |
| After 3 years | 24% | 76% |
| After 5 years | 34-40% | 60-66% |
| After 7 years | 44% | 56% |
| After 10 years | 60% | 40% |
The 2023 Camry Hybrid actually holds its value better than average. Most vehicles lose 20% in the first year alone. Your Camry only drops 16%, thanks to Toyota's reputation for reliability.
Why Camry Hybrids Depreciate Slower
The Camry Hybrid outperforms other midsize hybrid cars. While the average midsize hybrid loses 27% over three years, the Camry Hybrid only loses 24%. That puts you ahead of the curve.
Depreciation slows down after year three. Between years three and five, your car loses about 5-8% per year instead of the initial 8%. By year seven, the rate drops to roughly 4-5% annually.
What Affects Your Actual Depreciation
Your specific depreciation depends on mileage, condition, and local market demand. The numbers above assume 12,000 miles per year. Higher mileage increases depreciation. Regular maintenance helps protect resale value.
Color, trim level, and accident history also matter. Popular colors like silver and black typically hold value better than unusual shades.
Bottom Line
Expect your 2023 Camry Hybrid to be worth roughly $20,000 to $22,000 after three years. After five years, plan on $17,000 to $19,000. These estimates assume clean title and average condition.