Renault VEL for sale in Al Mawsil al Jadidah (Iraq)

Are you currently in the market to buy (or sell) a Renault VEL in Al Mawsil al Jadidah? Vehiclus surveyed the local used auto market of all towns in Iraq to determine a pricing profile of various Renault models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your earnings when selling your VEL (or to be sure to not be overcharged when purchasing a Renault VEL) it is of value to know most price-determining factors.

Supply and Demand of Renault VEL on the local vehicle market

Al Mawsil al Jadidah is a town with a population of 2065597 people. However, there are usually not many Renault VEL available on the market. Hence, the supply is small and the demand depends on a multitude of parameters for example maintenance costs, fuel mileage, and used car pricing.

Price Devaluation Curve of the VEL in Al Mawsil al Jadidah

As illustrated in the figure below, cars of the make Renault and especially of the model VEL devaluate in a very standard manner. The average value of the VEL will be lowered by up to 14% ($18,578) after only one year. After 3 years, the car typically goes for only 60% of its original selling price ($13,151) while it will only be valued at 31% of the original price after 7 years ($5,616). The VEL's value after 12 years is only 11% of its first price depending on its condition of course.

Depreciation according to mileage

One more way to analyze vehicle depreciation is to study the decrease of value over mileage. The Renault VEL depreciation curve below illustrates this phenomenon for the city of Al Mawsil al Jadidah. The VEL looses most of its value (ca 50%) within the first 30k km of its mileage. The typical price for a VEL at that mileage is ca $11,996. After that the depreciation plateaus: at 90,000km the Renault VEL is priced for $6,781 in Al Mawsil al Jadidah and for $3,068 at 180,000km of mileage.

Renault VEL price depending on condition (fair, good, excellent)

The last parameter that heavily impacts the sell price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Renault VEL according to its year and its condition.

Vehicle Year	Renault VEL Condition
	fair	good	excellent
2017	$17,894	$19,479	$21,064
2016	$15,736	$17,130	$18,523
2015	$13,731	$14,947	$16,163
2014	$11,879	$12,931	$13,983
2013	$10,180	$11,082	$11,983
2012	$8,634	$9,399	$10,164
2011	$7,241	$7,883	$8,524
2010	$6,002	$6,533	$7,065
2009	$4,915	$5,350	$5,786
2008	$3,981	$4,334	$4,687
2007	$3,201	$3,484	$3,768
2006	$2,573	$2,801	$3,029
2005	$2,099	$2,285	$2,471
2004	$1,778	$1,935	$2,093
2003	$1,609	$1,752	$1,894
2002	$1,594	$1,735	$1,876