Are you looking to buy (or sell) a Kia Cerato in Al Mawsil al Jadidah? Vehiclus surveyed the local used automotive market of all metropolitan areas in Iraq to establish a pricing profile of various Kia models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your Cerato (or to make sure to not overpay when purchasing a Kia Cerato) it is very recommended to know all price-determining variables.
Al Mawsil al Jadidah is a town with 2065597 inhabitants. Nevertheless, there are usually not many Kia Cerato for sale on the market. Therefore, the supply is little and the demand depends on various of parameters for example car model reputation, brand popularity, and reliability.
As described in the figure below, cars of the make Kia and especially of their model Cerato loose their value in a very predictable way. The mean selling price of the Cerato will be lowered by up to 13% ($20,545) after only 1 year. After three years, the car typically is valued at 62% of its original selling price ($14,748) while it will only be worth 32% of the original price after 7 years ($6,262). The Cerato's value after twelve years is only 10% of its initial price depending on its condition of course.
Another way to analyze car depreciation is to examine the loss of value vs kilometers driven. The Kia Cerato depreciation curve below describes this phenomenon for Al Mawsil al Jadidah. The Cerato looses most of its value (~ 46%) within the first 20,000miles (30,000km) driven. The mean price for a Cerato at that mileage is ca $13,274. After that the devaluation plateaus: at 90k km the Kia Cerato is valued for $7,711 in Al Mawsil al Jadidah and for $3,447 at 180,000km .
The last parameter that significantly determines the price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Kia Cerato according to its year and its condition.
| Vehicle Year | Kia Cerato Condition | ||
|---|---|---|---|
| fair | good | excellent | |
| 2017 | $19,144 | $21,207 | $23,270 |
| 2016 | $16,835 | $18,649 | $20,464 |
| 2015 | $14,690 | $16,273 | $17,856 |
| 2014 | $12,709 | $14,078 | $15,448 |
| 2013 | $10,891 | $12,065 | $13,239 |
| 2012 | $9,237 | $10,233 | $11,229 |
| 2011 | $7,747 | $8,582 | $9,417 |
| 2010 | $6,421 | $7,113 | $7,805 |
| 2009 | $5,258 | $5,825 | $6,392 |
| 2008 | $4,260 | $4,719 | $5,178 |
| 2007 | $3,425 | $3,794 | $4,163 |
| 2006 | $2,753 | $3,050 | $3,347 |
| 2005 | $2,246 | $2,488 | $2,730 |
| 2004 | $1,902 | $2,107 | $2,312 |
| 2003 | $1,722 | $1,907 | $2,093 |
| 2002 | $1,705 | $1,889 | $2,073 |
| Kia Cerato variations: |
|---|
| CERATO 5P 1.6L BVA |
| CERATO 4P 1.6L BVA |
| CERATO 5P 2.0 CRDI |
| CERATO 4P 1.6L |
| CERATO 5P 2.0L |
| CERATO 4P 1.5 CRDI |
| CERATO 5P 1.6L |
| CERATO 4P 2.0 CRDI |
| CERATO 5P 2.0L BVA |
| CERATO 5P 1.5 CRDI |
| CERATO 4P 2.0L |
| CERATO 4P 2.0L BVA |