Are you currently in the market to buy (or sell) a Chevrolet Evanda in Ibadan? Vehiclus studied the local used automotive market of all metropolitan areas in Nigeria to establish a pricing profile of various Chevrolet models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your Evanda (or to be sure to not be ripped off when buying a Chevrolet Evanda) it is useful to know most price-determining variables.
Ibadan is a town with currently 3565108 inhabitants. Nevertheless, it is hard to find more than five Chevrolet Evanda on the market at the same time. That's why the supply is low and the demand depends on various of parameters e.g. brand reputation, fuel mileage, and reliability.
As pictured below, cars of the make Chevrolet and specially of their model Evanda devaluate in a very customary way. The mean price of the Evanda will be lowered by up to 13% ($22,976) after only one year. After three years, the car typically goes for only 62% of its original asking price ($16,494) while it will only be valued at 29% of the original price after 7 years ($7,397). The Evanda's value after 12 years is only 10% of its first price depending on its condition of course.
Another way to analyze car depreciation is to study the loss of value vs miles driven. The Chevrolet Evanda depreciation curve below describes this phenomenon for the city of Ibadan. The Evanda looses most of its value (ca 46%) within the first 30k kilometers driven. The mean price for a Evanda at that usage level is ca $14,747. After that the devaluation plateaus: at 90k km the Chevrolet Evanda is priced for $8,530 in Ibadan and for $4,212 at 180,000km of mileage.
The last factor that significantly influences the selling price of a used car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Chevrolet Evanda according to its year and its condition.
|Vehicle Year||Chevrolet Evanda Condition|
|Chevrolet Evanda variations:|
|EVANDA CDX BVA|