Are you in the market to buy (or sell) a Kia RIO in Al Mawsil al Jadidah? Vehiclus analyzed the local used auto market of all metropolitan areas in Iraq to determine a pricing profile of various Kia models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your RIO (or to make sure to not overpay when purchasing a Kia RIO) it is of value to learn most value-determining variables.
Al Mawsil al Jadidah is a town with a population of 2065597 inhabitants. However, it is hard to find more than a dozen Kia RIO on the used car market . Hence, the supply is little and the demand depends on various of parameters for example brand reputation, fuel mileage, and reliability.
As seen below, cars of the car manufacturer Kia and specially of the model RIO depreciate in a very customary fashion. The mean asking price of the RIO will be decreased by up to 13% ($13,846) after only one year. After 3 years, the car usually is sold for about 61% of its original selling price ($9,735) while it will only be worth 29% of the original price after 7 years ($4,504). The RIO's value after 12 years is only 10% of its initial price depending on its condition of course.
Another way to quantify vehicle depreciation is to look at the loss of value vs miles driven. The Kia RIO depreciation curve below describes this phenomenon for Al Mawsil al Jadidah. The RIO looses most of its resell price (ca 50%) within the first 30k km driven. The average price for a RIO at that mileage is approximately $8,995. After that the depreciation slows down: at 90k kilometers the Kia RIO is sold for $5,041 in Al Mawsil al Jadidah and for $2,626 at 180,000km .
The last factor that significantly impacts the selling price of a used car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Kia RIO according to its year and its condition.
| Vehicle Year | Kia RIO Condition | ||
|---|---|---|---|
| fair | good | excellent | |
| 2017 | $8,595 | $12,059 | $15,524 |
| 2016 | $7,558 | $10,605 | $13,652 |
| 2015 | $6,595 | $9,254 | $11,912 |
| 2014 | $5,705 | $8,006 | $10,306 |
| 2013 | $4,889 | $6,861 | $8,832 |
| 2012 | $4,147 | $5,819 | $7,491 |
| 2011 | $3,478 | $4,880 | $6,282 |
| 2010 | $2,883 | $4,045 | $5,207 |
| 2009 | $2,361 | $3,312 | $4,264 |
| 2008 | $1,912 | $2,683 | $3,454 |
| 2007 | $1,537 | $2,157 | $2,777 |
| 2006 | $1,236 | $1,734 | $2,233 |
| 2005 | $1,008 | $1,414 | $1,821 |
| 2004 | $854 | $1,198 | $1,542 |
| 2003 | $773 | $1,084 | $1,396 |
| 2002 | $765 | $1,074 | $1,383 |
| Kia RIO variations: |
|---|
| RIO 1.4 BVA |
| RIO 1300 4P |
| RIO 1.4 |
| RIO 1300 5P BVA |
| RIO 1500 4P BVA |
| RIO 1.6 |
| RIO 1500 5P |
| RIO 1300 5P |
| RIO 1300 4P BVA |
| RIO 1500 4P |
| RIO 1500 5P BVA |
| RIO 1.5 CRDi |
| RIO 1.6 BVA |