Are you in the market to buy (or sell) a Citroen DS4 in Ibadan? Vehiclus surveyed 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. If you want to optimize your profits when selling your DS4 (or to be certain to not be ripped off when buying a Citroen DS4) it is recommended to understand most value-determining factors.
Ibadan is a city with a current population of 3565108 people. Nevertheless, it is hard to find more than five Citroen DS4 on the local car market at the same time. Hence, the supply is low and the demand depends on a multitude of factors e.g. maintenance costs, brand popularity, and brand competetivness.
As shown below, cars of the manufacturer Citroen and specially of their model DS4 loose their value in a very average process. The mean price of the DS4 will be decreased by up to 13% ($30,576) after only one year. After three years, the car typically goes for only 63% of its original asking price ($21,869) while it will only be priced at 28% of the MSRP after 7 years ($9,686). The DS4's value after twelve years is only 10% of its first price depending on its condition of course.
Another way to analyze vehicle depreciation is to look at the loss of value over miles driven. The Citroen DS4 depreciation curve below shows this phenomenon for the city of Ibadan. The DS4 looses most of its value (~ 50%) within the first 30k kilometers driven. The average price for a DS4 at that usage level is approximately $19,526. After that the depreciation slows down: at 90k km the Citroen DS4 is priced for $11,175 in Ibadan and for $5,409 at 180,000km of mileage.
The last factor that heavily effects the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Citroen DS4 according to its year and its condition.
|Vehicle Year||Citroen DS4 Condition|
|Citroen DS4 variations:|