Are you in the market to buy (or sell) a BMW 320d in Ibadan? Vehiclus analyzed the local used auto market of all towns in Nigeria to determine a pricing profile of various BMW models depending on their age, technical condition, optical condition, and mileage. To maximize your profits when selling your 320d (or to make sure to not be overcharged when buying a BMW 320d) it is a good idea to understand most price-determining variables.
Ibadan is a town with currently 3565108 inhabitants. Nevertheless, it is hard to find more than three BMW 320d on the used car market at the same time. Hence, the supply is not high and the demand depends on a multitude of factors e.g. car model reputation, brand popularity, and reliability.
As illustrated in the figure below, cars of the car manufacturer BMW and specially of their model 320d loose their value in a very customary manner. The average price of the 320d will be decreased by 14% ($36,366) after just 1 year. After 3 years, the car usually goes for only 61% of its original asking price ($25,600) while it will only be valued at 27% of the original price after 7 years ($11,957). The 320d's value after twelve years is only 11% of its first price depending on its condition of course.
One more way to quantify car depreciation is to examine the loss of value over mileage. The BMW 320d depreciation curve below describes this phenomenon for the city of Ibadan. The 320d looses most of its resell price (ca 47%) within the first 30k km of its mileage. The typical price for a 320d at that usage level is $23,583. After that the depreciation slows down: at 90k kilometers the BMW 320d is priced for $13,229 in Ibadan and for $7,009 at 180,000km .
The last parameter that significantly influences the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the deflation of a BMW 320d according to its year and its condition.
|Vehicle Year||BMW 320d Condition|
|BMW 320d variations:|
|320d TOURING BVA|
|320d BERLINE BVA|
|320d EfficientDynamics Edition Berline|
|320d xDrive COUPE|
|320d xDrive BERLINE|
|320d xDrive TOURING|