Kia Shuma for sale in Dakar (Senegal)

Are you looking to buy (or sell) a Kia Shuma in Dakar? Vehiclus analyzed the used automotive market of all cities in Senegal to establish a pricing profile of various Kia models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your Shuma (or to make sure to not be overcharged when buying a Kia Shuma) it is of value to understand all price-determining factors.

Supply and Demand of Kia Shuma on the local vehicle market

Dakar is a metropolitan area with a current population of 2476400 people. However, it is hard to find more than a dozen Kia Shuma on the local car market at the same time. That's why the supply is low and the demand depends on a multitude of parameters for example brand reputation, fuel mileage, and used car pricing.

Price Devaluation Curve of the Shuma in Dakar

As described in the figure below, cars of the make Kia and specially of their model Shuma depreciate in a very conventional manner. The mean value of the Shuma will be decreased by up to 13% ($25,454) after just 1 year. After 3 years, the car usually goes for only 63% of its original asking price ($19,000) while it will only be priced at 32% of the original price after 7 years ($8,288). The Shuma's value after 12 years is only 11% of its initial price depending on its condition of course.

Depreciation according to mileage

Another way to describe car depreciation is to look at the loss of value over kilometers driven. The Kia Shuma depreciation curve below describes this phenomenon for Dakar. The Shuma looses most of its value (~ 47%) within the first 30,000km driven. The typical price for a Shuma at that mileage is ca $16,289. After that the devaluation slows down: at 90,000km the Kia Shuma is priced for $10,130 in Dakar and for $4,740 at 180k kilometers .

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

The last factor that heavily influences the price of a used car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Kia Shuma according to its year and its condition.

Vehicle Year	Kia Shuma Condition
	fair	good	excellent
2017	$21,388	$25,360	$29,331
2016	$18,809	$22,301	$25,794
2015	$16,412	$19,460	$22,507
2014	$14,199	$16,835	$19,472
2013	$12,168	$14,427	$16,687
2012	$10,320	$12,237	$14,153
2011	$8,656	$10,263	$11,870
2010	$7,174	$8,506	$9,838
2009	$5,875	$6,966	$8,057
2008	$4,759	$5,643	$6,527
2007	$3,826	$4,537	$5,247
2006	$3,076	$3,647	$4,219
2005	$2,509	$2,975	$3,441
2004	$2,125	$2,519	$2,914
2003	$1,924	$2,281	$2,638
2002	$1,905	$2,259	$2,613