Are you currently in the market to buy (or sell) a Peugeot 508 in Al Mawsil al Jadidah? Vehiclus studied the local used automotive market of all cities in Iraq to establish a pricing profile of various Peugeot models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your 508 (or to make sure to not overpay when purchasing a Peugeot 508) it is of value to learn all price-establishing variables.
Al Mawsil al Jadidah is a city with a current population of 2065597 people. Nevertheless, it is hard to find more than five Peugeot 508 on the used car market there. That's why the supply is not high and the demand depends on a multitude of factors e.g. brand reputation, mileage, and reliability.
As described in the figure below, cars of the manufacturer Peugeot and specially of their model 508 depreciate in a very standard manner. The average asking price of the 508 will be decreased by 14% ($49,105) after only 1 year. After three years, the car typically is valued at 64% of its initial asking price ($34,798) while it will only be worth 27% of the MSRP after 7 years ($16,340). The 508's value after twelve years is only 11% of its initial price depending on its condition of course.
Another way to quantify vehicle depreciation is to study the decrease of value vs kilometers driven. The Peugeot 508 depreciation curve below shows this phenomenon for the city of Al Mawsil al Jadidah. The 508 looses most of its resell price (approximately 50%) within the first 30,000km driven. The mean price for a 508 at that usage level is approximately $31,604. After that the devaluation slows down: at 90k kilometers the Peugeot 508 is priced for $17,862 in Al Mawsil al Jadidah and for $9,566 at 180,000km driven.
The last value that significantly determines the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Peugeot 508 according to its year and its condition.
| Vehicle Year | Peugeot 508 Condition | ||
|---|---|---|---|
| fair | good | excellent | |
| 2017 | $55,719 | $55,864 | $56,008 |
| 2016 | $49,000 | $49,126 | $49,253 |
| 2015 | $42,757 | $42,867 | $42,978 |
| 2014 | $36,990 | $37,086 | $37,181 |
| 2013 | $31,700 | $31,782 | $31,864 |
| 2012 | $26,886 | $26,956 | $27,026 |
| 2011 | $22,550 | $22,608 | $22,666 |
| 2010 | $18,689 | $18,738 | $18,786 |
| 2009 | $15,306 | $15,345 | $15,385 |
| 2008 | $12,399 | $12,431 | $12,463 |
| 2007 | $9,968 | $9,994 | $10,020 |
| 2006 | $8,014 | $8,035 | $8,056 |
| 2005 | $6,537 | $6,554 | $6,571 |
| 2004 | $5,536 | $5,550 | $5,565 |
| 2003 | $5,012 | $5,025 | $5,038 |
| 2002 | $4,964 | $4,977 | $4,990 |
| Peugeot 508 variations: |
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