Are you currently in the market to buy (or sell) a Citroen DS3 in Ibadan? Vehiclus studied the local used automotive market of all cities in Nigeria to establish a pricing profile of various Citroen models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your DS3 (or to make sure to not overpay when purchasing a Citroen DS3) it is of value to learn all price-establishing variables.
Ibadan is a city with a current population of 3565108 people. Nevertheless, it is hard to find more than five Citroen DS3 on the used car market there. That's why the supply is not high and the demand depends on a multitude of factors e.g. brand reputation, mileage, and reliability.
As described in the figure below, cars of the manufacturer Citroen and specially of their model DS3 depreciate in a very standard manner. The average asking price of the DS3 will be decreased by 14% ($49,105) after only 1 year. After three years, the car typically is valued at 64% of its initial asking price ($34,798) while it will only be worth 27% of the MSRP after 7 years ($16,340). The DS3's value after twelve years is only 11% of its initial price depending on its condition of course.
Another way to quantify vehicle depreciation is to study the decrease of value vs kilometers driven. The Citroen DS3 depreciation curve below shows this phenomenon for the city of Ibadan. The DS3 looses most of its resell price (approximately 50%) within the first 30,000km driven. The mean price for a DS3 at that usage level is approximately $31,604. After that the devaluation slows down: at 90k kilometers the Citroen DS3 is priced for $17,862 in Ibadan and for $9,566 at 180,000km driven.
The last value that significantly determines 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 Citroen DS3 according to its year and its condition.
|Vehicle Year||Citroen DS3 Condition|
|Citroen DS3 variations:|
|DS3 HDi (90ch) FAP AirDream|
|DS3 VTi (120ch) BVA4|
|DS3 VTi (120ch) AirDream|
|DS3 HDi (90ch) FAP 99g AirDream|
|DS3 HDi (110ch) FAP AirDream|
|DS3 VTi (95ch) AirDream|
|DS3 THP (150ch) BVM6|