Are you currently looking to buy (or sell) a Audi A7 in Ibadan? Vehiclus analyzed the local used automotive 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 maximize your profits when selling your A7 (or to be sure to not be ripped off when purchasing a Audi A7) it is a good idea to know most value-determining factors.
Ibadan is a metropolitan area with a current population of 3565108 people. However, there are not many Audi A7 for purchase on the market. That's why the supply is not high and the demand depends on various of parameters such as car model reputation, brand popularity, and reliability.
As illustrated in the figure below, cars of the make Audi and specially of their model A7 loose their value in a very customary way. The mean value of the A7 will be lowered by up to 13% ($75,697) after only 1 year. After three years, the car typically is sold for approximately 63% of its original selling price ($54,489) while it will only be priced at 31% of the MSRP after 7 years ($25,006). The A7's value after twelve years is only 11% of its first price depending on its condition of course.
Another way to quantify car depreciation is to examine the loss of value vs miles driven. The Audi A7 depreciation curve below describes this phenomenon for the city of Ibadan. The A7 looses most of its resell price (~ 50%) within the first 30k km driven. The typical price for a A7 at that usage level is ca $48,896. After that the devaluation slows down: at 90,000km the Audi A7 is valued for $28,553 in Ibadan and for $14,632 at 180,000km of mileage.
The last factor that heavily influences the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Audi A7 according to its year and its condition.
|Vehicle Year||Audi A7 Condition|
|Audi A7 variations:|