Are you in the market to buy (or sell) a Chevrolet Camaro in Ibadan? Vehiclus studied the used automotive market of all towns in Nigeria to establish a pricing profile of various Chevrolet models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your Camaro (or to be certain to not be overcharged when purchasing a Chevrolet Camaro) it is a good idea to know most price-determining variables.
Ibadan is a metropolitan area with 3565108 inhabitants. However, there are usually not many Chevrolet Camaro on the market. Hence, the supply is little and the demand depends on various of parameters such as season, brand popularity, and used car pricing.
As seen below, cars of the make Chevrolet and especially of the model Camaro devaluate in a very predictable fashion. The average selling price of the Camaro will be decreased by up to 13% ($29,974) after just 1 year. After 3 years, the car usually is sold for about 64% of its original asking price ($21,812) while it will only be worth 31% of the original price after 7 years ($9,886). The Camaro's value after 12 years is only 11% of its initial price depending on its condition of course.
One more way to describe vehicle depreciation is to look at the decrease of value vs mileage. The Chevrolet Camaro depreciation curve below describes this phenomenon for the city of Ibadan. The Camaro looses most of its value (approximately 45%) within the first 30k km of its mileage. The average price for a Camaro at that mileage is ca $19,259. After that the depreciation plateaus: at 90,000km the Chevrolet Camaro is sold for $11,443 in Ibadan and for $5,738 at 180,000km .
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 devaluation of a Chevrolet Camaro according to its year and its condition.
|Vehicle Year||Chevrolet Camaro Condition|
|Chevrolet Camaro variations:|
|CAMARO V8 5.7L Z28 BVA|
|CAMARO V6 3.8L BVA|
|CAMARO V8 5.7L Z28|
|CAMARO CABRIOLET V6 3.8L|
|CAMARO V6 3.8L|
|CAMARO CABRIOLET V6 3.8L BVA|