Are you currently in the market to buy (or sell) a Audi A1 in Ibadan? Vehiclus analyzed the local used auto market of all towns in Nigeria to determine a pricing profile of various Audi models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your A1 (or to be sure to not overpay when purchasing a Audi A1) it is useful to know most value-determining variables.
Ibadan is a town with a current population of 3565108 people. Nevertheless, there are usually not many Audi A1 available on the market. That's why the supply is little and the demand depends on a multitude of parameters such as brand reputation, brand popularity, and used car pricing.
As pictured below, cars of the car manufacturer Audi and especially of their model A1 depreciate in a very conventional fashion. The mean price of the A1 will be decreased by 14% ($25,428) after just one year. After three years, the car typically costs only 62% of its original selling price ($18,114) while it will only be valued at 29% of the MSRP after 7 years ($7,909). The A1's value after 12 years is only 11% of its initial price depending on its condition of course.
One more way to quantify vehicle depreciation is to study the loss of value vs kilometers driven. The Audi A1 depreciation curve below shows this phenomenon for the city of Ibadan. The A1 looses most of its value (~ 50%) within the first 30k kilometers driven. The average price for a A1 at that mileage is approximately $16,548. After that the devaluation plateaus: at 90,000km the Audi A1 is sold for $9,521 in Ibadan and for $4,472 at 180k km of mileage.
The last parameter that significantly influences the selling price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Audi A1 according to its year and its condition.
|Vehicle Year||Audi A1 Condition|
|Audi A1 variations:|