Are you currently in the market to buy (or sell) a Audi S5 in Ibadan? Vehiclus surveyed the local used automotive 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 S5 (or to make sure to not overpay when buying a Audi S5) it is of value to understand all price-establishing factors.
Ibadan is a city with currently 3565108 inhabitants. However, it is hard to find more than five Audi S5 on the market at the same time. Hence, the supply is little and the demand depends on a multitude of parameters such as brand reputation, mileage, and reliability.
As illustrated in the figure below, cars of the car manufacturer Audi and especially of their model S5 loose their value in a very average way. The average price of the S5 will be lowered by up to 14% ($60,745) after just 1 year. After 3 years, the car typically costs only 60% of its initial selling price ($43,281) while it will only be priced at 27% of the original price after 7 years ($19,286). The S5's value after 12 years is only 12% of its first price depending on its condition of course.
One more way to analyze car depreciation is to study the decrease of value vs mileage. The Audi S5 depreciation curve below describes this phenomenon for the city of Ibadan. The S5 looses most of its value (approximately 45%) within the first 30k kilometers of its mileage. The average price for a S5 at that usage level is approximately $39,361. After that the devaluation plateaus: at 90k km the Audi S5 is sold for $22,587 in Ibadan and for $11,009 at 180k kilometers .
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 S5 according to its year and its condition.
|Vehicle Year||Audi S5 Condition|
|Audi S5 variations:|
|S5 V8 4.2 FSI (354 ch) TIPTRONIC|
|S5 V8 4.2 FSI (354 ch)|
|S5 V8 4.2 FSI (354ch) QUATTRO BV6|