Are you currently in the market to buy (or sell) a Volkswagen UP! in Fortaleza? Vehiclus studied the local used auto market of all cities in Brazil to determine a pricing profile of various Volkswagen models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your profits when selling your UP! (or to be certain to not overpay when buying a Volkswagen UP!) it is of value to learn all price-determining factors.
Fortaleza is a metropolitan area with currently 2400000 inhabitants. Nevertheless, it is hard to find more than five Volkswagen UP! on the used car market there. Therefore, the supply is little and the demand depends on a multitude of factors e.g. maintenance costs, brand popularity, and reliability.
As seen below, cars of the make Volkswagen and especially of their model UP! depreciate in a very customary way. The mean selling price of the UP! will be lowered by up to 13% ($13,445) after only 1 year. After three years, the car typically goes for only 61% of its initial selling price ($9,871) while it will only be worth 30% of the MSRP after 7 years ($4,649). The UP!'s value after twelve years is only 10% of its initial price depending on its condition of course.
Another way to quantify vehicle depreciation is to study the decrease of value over mileage. The Volkswagen UP! depreciation curve below shows this phenomenon for Fortaleza. The UP! looses most of its value (ca 45%) within the first 30k kilometers driven. The average price for a UP! at that mileage is approximately $8,654. After that the depreciation plateaus: at 90k kilometers the Volkswagen UP! is priced for $5,235 in Fortaleza and for $2,795 at 180k kilometers 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 shows the devaluation of a Volkswagen UP! according to its year and its condition.
| Vehicle Year | Volkswagen UP! Condition | ||
|---|---|---|---|
| fair | good | excellent | |
| 2017 | $15,324 | $15,328 | $15,331 |
| 2016 | $13,476 | $13,479 | $13,482 |
| 2015 | $11,759 | $11,762 | $11,765 |
| 2014 | $10,173 | $10,175 | $10,178 |
| 2013 | $8,718 | $8,720 | $8,722 |
| 2012 | $7,394 | $7,396 | $7,398 |
| 2011 | $6,202 | $6,203 | $6,204 |
| 2010 | $5,140 | $5,141 | $5,142 |
| 2009 | $4,209 | $4,210 | $4,211 |
| 2008 | $3,410 | $3,410 | $3,411 |
| 2007 | $2,741 | $2,742 | $2,742 |
| 2006 | $2,204 | $2,204 | $2,205 |
| 2005 | $1,797 | $1,798 | $1,798 |
| 2004 | $1,522 | $1,523 | $1,523 |
| 2003 | $1,378 | $1,378 | $1,379 |
| 2002 | $1,365 | $1,365 | $1,366 |
| Volkswagen UP! variations: |
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