Are you currently in the market to buy (or sell) a Audi Q3 in Ibadan? Vehiclus analyzed the local used auto market of all towns in Nigeria to establish a pricing profile of various Audi models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your profits when selling your Q3 (or to make sure to not be ripped off when purchasing a Audi Q3) it is useful to learn all price-establishing factors.
Ibadan is a city with a current population of 3565108 . Nevertheless, there are usually not many Audi Q3 on the market. That's why the supply is small and the demand depends on various of factors such as brand reputation, mileage, and reliability.
As shown below, cars of the manufacturer Audi and especially of the model Q3 devaluate in a very predictable way. The mean selling price of the Q3 will be decreased by 14% ($57,230) after only one year. After three years, the car usually is sold for about 62% of its original asking price ($40,633) while it will only be priced at 32% of the original price after 7 years ($18,126). The Q3's value after twelve years is only 11% of its initial price depending on its condition of course.
One more way to quantify vehicle depreciation is to examine the loss of value vs miles driven. The Audi Q3 depreciation curve below describes this phenomenon for the city of Ibadan. The Q3 looses most of its resell price (~ 46%) within the first 30,000km driven. The mean price for a Q3 at that mileage is $36,939. After that the depreciation plateaus: at 90,000km the Audi Q3 is sold for $20,996 in Ibadan and for $10,271 at 180k kilometers of mileage.
The last parameter that significantly influences the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the deflation of a Audi Q3 according to its year and its condition.
|Vehicle Year||Audi Q3 Condition|
|Audi Q3 variations:|