The prices of used cars depend on a number of factors like the trade-in value or the wholesale and retail price, the odometer reading, the condition of the car, its year of manufacture, the variant of the car and the mileage that the car has run. With increasing mileage, the wear and tear of the car also increases and the cars condition deteriorate

The wholesale value of a vehicle is the value that a dealer would pay to purchase it from a car manufacturer. In the case of trade-in vehicles, the wholesale price might also be the price a dealer would pay to purchase the vehicle from a dealer auction.