Are you currently looking to buy (or sell) a Chevrolet Lacetti in Ibadan? Vehiclus surveyed the local used car market of all metropolitan areas in Nigeria to determine a pricing profile of various Chevrolet models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your Lacetti (or to be certain to not be ripped off when purchasing a Chevrolet Lacetti) it is useful to learn most price-determining factors.
Ibadan is a metropolitan area with a population of 3565108 . Nevertheless, there are not many Chevrolet Lacetti for purchase on the market. Hence, the supply is little and the demand depends on a multitude of parameters for example season, fuel mileage, and brand competetivness.
As illustrated in the figure below, cars of the make Chevrolet and especially of the model Lacetti devaluate in a very predictable fashion. The mean price of the Lacetti will be lowered by up to 13% ($23,978) after just 1 year. After 3 years, the car typically is valued at 64% of its original selling price ($16,646) while it will only be valued at 29% of the original price after 7 years ($7,788). The Lacetti's value after 12 years is only 10% of its first price depending on its condition of course.
Another way to describe car depreciation is to look at the loss of value over kilometers driven. The Chevrolet Lacetti depreciation curve below describes this phenomenon for the city of Ibadan. The Lacetti looses most of its resell price (approximately 45%) within the first 30,000km of its mileage. The mean price for a Lacetti at that mileage is $15,432. After that the devaluation plateaus: at 90,000km the Chevrolet Lacetti is valued for $8,376 in Ibadan and for $4,480 at 180k km driven.
The last factor that significantly effects the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Chevrolet Lacetti according to its year and its condition.
|Vehicle Year||Chevrolet Lacetti Condition|
|Chevrolet Lacetti variations:|
|LACETTI 1.6 BVM5|
|LACETTI 1.6L SX BVA|
|LACETTI 1.8L CDX BVA|
|LACETTI 2.0 TCDI BVA5|
|LACETTI 1.6L SX|
|LACETTI 1.8L CDX|
|LACETTI 1.6L SX / CDX|
|LACETTI 1.4L SE|
|LACETTI 2.0 TCDI BVM5|
|LACETTI 1.6L CDX BVA|