Are you currently looking to buy (or sell) a Cadillac Seville in Guri-si? Vehiclus studied the used automotive market of all towns in South Korea to determine a pricing profile of various Cadillac models depending on their age, technical condition, optical condition, and mileage. To maximize your earnings when selling your Seville (or to be sure to not be ripped off when purchasing a Cadillac Seville) it is useful to understand all value-determining variables.
Guri-si is a metropolitan area with a population of 195236 inhabitants. Nevertheless, it is hard to find more than five Cadillac Seville on the used car market at the same time. Hence, the supply is little and the demand depends on various of factors e.g. brand reputation, fuel mileage, and reliability.
As illustrated in the figure below, cars of the manufacturer Cadillac and especially of their model Seville depreciate in a very normal process. The mean value of the Seville will be lowered by 14% ($25,737) after only 1 year. After 3 years, the car typically goes for only 61% of its initial asking price ($18,741) while it will only be valued at 30% of the original price after 7 years ($7,913). The Seville's value after twelve years is only 12% of its initial price depending on its condition of course.
One more way to analyze vehicle depreciation is to examine the decrease of value over kilometers driven. The Cadillac Seville depreciation curve below describes this phenomenon for the city of Guri-si. The Seville looses most of its value (ca 47%) within the first 30k km of its mileage. The mean price for a Seville at that mileage is approximately $16,605. After that the devaluation plateaus: at 90k km the Cadillac Seville is sold for $9,905 in Guri-si and for $4,379 at 180,000km driven.
The last factor that significantly effects the price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Cadillac Seville according to its year and its condition.
| Vehicle Year | Cadillac Seville Condition | ||
|---|---|---|---|
| fair | good | excellent | |
| 2017 | $25,931 | $27,577 | $29,223 |
| 2016 | $22,804 | $24,251 | $25,699 |
| 2015 | $19,898 | $21,161 | $22,424 |
| 2014 | $17,214 | $18,307 | $19,400 |
| 2013 | $14,752 | $15,689 | $16,625 |
| 2012 | $12,512 | $13,307 | $14,101 |
| 2011 | $10,494 | $11,160 | $11,826 |
| 2010 | $8,698 | $9,250 | $9,802 |
| 2009 | $7,123 | $7,575 | $8,027 |
| 2008 | $5,770 | $6,136 | $6,502 |
| 2007 | $4,639 | $4,933 | $5,228 |
| 2006 | $3,729 | $3,966 | $4,203 |
| 2005 | $3,042 | $3,235 | $3,428 |
| 2004 | $2,576 | $2,740 | $2,903 |
| 2003 | $2,332 | $2,480 | $2,628 |
| 2002 | $2,310 | $2,457 | $2,603 |
| Cadillac Seville variations: |
|---|
| SEVILLE V8 4.6L BVA |