Kia Cerato for sale in Chinandega (Nicaragua)

Are you looking to buy (or sell) a Kia Cerato in Chinandega? Vehiclus surveyed the local used automotive market of all metropolitan areas in Nicaragua 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.

Supply and Demand of Kia Cerato on the local auto market

Chinandega is a town with 126387 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.

Price Devaluation Curve of the Cerato in Chinandega

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 asking price ($14,748) while it will only be valued at 30% of the original price after 7 years ($6,262). The Cerato's value after 12 years is only 12% of its initial price depending on its condition of course.

Depreciation according to mileage

One more way to describe vehicle depreciation is to examine the decrease of value over kilometers driven. The Kia Cerato depreciation curve below shows this phenomenon for the city of Chinandega. The Cerato looses most of its value (ca 47%) within the first 30,000km driven. The average price for a Cerato at that usage level is ca $13,274. After that the depreciation slows down: at 90k kilometers the Kia Cerato is sold for $7,711 in Chinandega and for $3,447 at 180k km .

Kia Cerato price depending on condition (fair, good, excellent)

The last parameter that significantly determines the sell price of a second-hand 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