Are you in the market to buy (or sell) a Cadillac STS in Ibadan? Vehiclus surveyed the local used auto market of all towns in Nigeria to determine a pricing profile of various Cadillac models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your profits when selling your STS (or to be certain to not be ripped off when buying a Cadillac STS) it is recommended to understand most value-determining factors.
Ibadan is a city with a current population of 3565108 people. Nevertheless, it is hard to find more than five Cadillac STS on the local car market at the same time. Hence, the supply is low and the demand depends on a multitude of factors e.g. maintenance costs, brand popularity, and brand competetivness.
As shown below, cars of the manufacturer Cadillac and specially of their model STS loose their value in a very average process. The mean price of the STS will be decreased by up to 13% ($30,576) after only one year. After three years, the car typically goes for only 63% of its original asking price ($21,869) while it will only be priced at 28% of the MSRP after 7 years ($9,686). The STS's value after twelve years is only 10% of its first price depending on its condition of course.
Another way to analyze vehicle depreciation is to look at the loss of value over miles driven. The Cadillac STS depreciation curve below shows this phenomenon for the city of Ibadan. The STS looses most of its value (~ 50%) within the first 30k kilometers driven. The average price for a STS at that usage level is approximately $19,526. After that the depreciation slows down: at 90k km the Cadillac STS is priced for $11,175 in Ibadan and for $5,409 at 180,000km of mileage.
The last factor that heavily effects the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Cadillac STS according to its year and its condition.
|Vehicle Year||Cadillac STS Condition|
|Cadillac STS variations:|
|STS V8 4.6L 4P BVA|
|STS 4.6L V8 RWD|
|STS 3.6L V6 RWD|
|STS V6 3.6L 4P BVA|
|STS 4.6L V8 AWD|