Are you looking to buy (or sell) a Chevrolet Trans in Ibadan? Vehiclus surveyed the used car market of all towns in Nigeria to determine a pricing profile of various Chevrolet models depending on their age, technical condition, optical condition, and mileage. To optimize your earnings when selling your Trans (or to be certain to not be ripped off when buying a Chevrolet Trans) it is useful to know most value-determining factors.
Ibadan is a metropolitan area with a current population of 3565108 . However, it is hard to find more than a handful Chevrolet Trans on the market there. Hence, the supply is little and the demand depends on various of parameters such as season, fuel mileage, and reliability.
As pictured below, cars of the car manufacturer Chevrolet and specially of the model Trans depreciate in a very normal manner. The mean selling price of the Trans will be decreased by up to 13% ($24,811) after only one year. After three years, the car usually is sold for approximately 64% of its initial selling price ($18,669) while it will only be valued at 32% of the MSRP after 7 years ($8,184). The Trans's value after twelve years is only 10% of its initial price depending on its condition of course.
One more way to quantify vehicle depreciation is to examine the loss of value vs kilometers driven. The Chevrolet Trans depreciation curve below shows this phenomenon for Ibadan. The Trans looses most of its resell price (approximately 45%) within the first 30k km of its mileage. The mean price for a Trans at that usage level is $15,928. After that the devaluation plateaus: at 90k km the Chevrolet Trans is sold for $10,073 in Ibadan and for $4,745 at 180,000km of mileage.
The last parameter that heavily effects the sell price of a used car is the technical and optical condition of the vehicle. The table below describes the deflation of a Chevrolet Trans according to its year and its condition.
|Vehicle Year||Chevrolet Trans Condition|
|Chevrolet Trans variations:|
|TRANS SPORT V6 3.4L 4X4 BVA|
|TRANS SPORT V6 3.4L BVA|