Are you currently looking to buy (or sell) a Chevrolet Matiz in Ibadan? Vehiclus surveyed the used auto market of all cities in Nigeria to determine a pricing profile of various Chevrolet models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your earnings when selling your Matiz (or to be certain to not be overcharged when purchasing a Chevrolet Matiz) it is of value to learn all value-determining factors.
Ibadan is a city with 3565108 inhabitants. However, there are not many Chevrolet Matiz for sale on the market. Therefore, the supply is little and the demand depends on a multitude of parameters such as brand reputation, fuel mileage, and reliability.
As shown below, cars of the make Chevrolet and especially of their model Matiz depreciate in a very standard fashion. The average asking price of the Matiz will be lowered by 13% ($24,496) after just 1 year. After three years, the car usually is sold for about 62% of its initial selling price ($17,524) while it will only be priced at 29% of the original price after 7 years ($7,810). The Matiz's value after twelve years is only 12% of its first price depending on its condition of course.
One more way to describe vehicle depreciation is to study the loss of value over miles driven. The Chevrolet Matiz depreciation curve below describes this phenomenon for Ibadan. The Matiz looses most of its value (~ 45%) within the first 30k km of its mileage. The mean price for a Matiz at that usage level is approximately $15,951. After that the devaluation plateaus: at 90k km the Chevrolet Matiz is sold for $9,255 in Ibadan and for $4,502 at 180k kilometers driven.
The last factor that heavily impacts the selling price of a used car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Chevrolet Matiz according to its year and its condition.
|Vehicle Year||Chevrolet Matiz Condition|
|Chevrolet Matiz variations:|
|MATIZ 0.8L PACK SUPER S|
|MATIZ 1.0L SE|
|MATIZ 0.8L SE AUTO|
|MATIZ 0.8 GPLi|
|MATIZ 0.8 ECOPACK|
|MATIZ 1.0L SE / SX|
|MATIZ 0.8L S|
|MATIZ 0.8 AUTO|