Jeep Grand for sale in Colombo (Sri Lanka)

Are you currently in the market to buy (or sell) a Jeep Grand in Colombo? Vehiclus studied the local used automotive market of all cities in Sri Lanka to establish a pricing profile of various Jeep models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your Grand (or to make sure to not overpay when purchasing a Jeep Grand) it is of value to learn all price-establishing variables.

Supply and Demand of Jeep Grand on the local auto market

Colombo is a city with a current population of 648034 people. Nevertheless, it is hard to find more than five Jeep Grand 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.

Price Devaluation Curve of the Grand in Colombo

As described in the figure below, cars of the manufacturer Jeep and specially of their model Grand depreciate in a very standard manner. The average asking price of the Grand 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 Grand's value after twelve years is only 11% of its initial price depending on its condition of course.

Depreciation according to vehicle mileage

Another way to quantify vehicle depreciation is to study the decrease of value vs kilometers driven. The Jeep Grand depreciation curve below shows this phenomenon for the city of Colombo. The Grand looses most of its resell price (approximately 50%) within the first 30,000km driven. The mean price for a Grand at that usage level is approximately $31,604. After that the devaluation slows down: at 90k kilometers the Jeep Grand is priced for $17,862 in Colombo and for $9,566 at 180,000km driven.

Jeep Grand price depending on condition (fair, good, excellent)

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 Jeep Grand according to its year and its condition.

Vehicle Year	Jeep Grand 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