Are you looking to buy (or sell) a Citroen C1 in Ibadan? Vehiclus studied the local used auto market of all towns in Nigeria to determine a pricing profile of various Citroen models depending on their age, technical condition, optical condition, and mileage. To maximize your profits when selling your C1 (or to be certain to not be ripped off when buying a Citroen C1) it is a good idea to understand most value-determining factors.
Ibadan is a metropolitan area with a population of 3565108 inhabitants. Nevertheless, there are not many Citroen C1 available on the market. Hence, the supply is low and the demand depends on a multitude of factors for example season, mileage, and brand competetivness.
As described in the figure below, cars of the make Citroen and especially of their model C1 loose their value in a very normal manner. The mean value of the C1 will be lowered by 13% ($13,414) after just one year. After 3 years, the car usually is valued at 64% of its original asking price ($9,999) while it will only be worth 30% of the MSRP after 7 years ($4,261). The C1's value after 12 years is only 12% of its original price depending on its condition of course.
Another way to quantify car depreciation is to look at the loss of value over miles driven. The Citroen C1 depreciation curve below shows this phenomenon for Ibadan. The C1 looses most of its resell price (~ 45%) within the first 30k km of its mileage. The typical price for a C1 at that usage level is ca $8,629. After that the depreciation slows down: at 90k km the Citroen C1 is valued for $5,369 in Ibadan and for $2,409 at 180k km driven.
The last parameter that heavily impacts the sell price of a used car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Citroen C1 according to its year and its condition.
|Vehicle Year||Citroen C1 Condition|
|Citroen C1 variations:|
|C1 3P 1.0i|
|C1 5P 1.4HDi|
|C1 3P 1.0i SensoDrive|
|C1 5P 1.0i|
|C1 1.0i SensoDrive|
|C1 5P 1.0i SensoDrive|
|C1 3P 1.4HDi|