Are you currently looking to buy (or sell) a Citroen DS5 in Ibadan? Vehiclus analyzed the used automotive market of all metropolitan areas 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 DS5 (or to make sure to not be overcharged when purchasing a Citroen DS5) it is of value to understand most value-determining variables.
Ibadan is a metropolitan area with 3565108 inhabitants. Nevertheless, there are usually not many Citroen DS5 for sale on the market. Hence, the supply is small and the demand depends on a multitude of parameters for example brand reputation, fuel mileage, and reliability.
As pictured below, cars of the manufacturer Citroen and especially of their model DS5 loose their value in a very average process. The average selling price of the DS5 will be decreased by 13% ($19,337) after just 1 year. After three years, the car usually is valued at 64% of its initial asking price ($13,465) while it will only be worth 28% of the MSRP after 7 years ($6,195). The DS5's value after 12 years is only 10% of its original price depending on its condition of course.
Another way to quantify vehicle depreciation is to examine the loss of value vs mileage. The Citroen DS5 depreciation curve below illustrates this phenomenon for the city of Ibadan. The DS5 looses most of its value (ca 47%) within the first 20,000miles (30,000km) of its mileage. The mean price for a DS5 at that mileage is $12,479. After that the devaluation plateaus: at 90,000km the Citroen DS5 is priced for $6,828 in Ibadan and for $3,540 at 180k kilometers of mileage.
The last parameter that heavily determines the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the deflation of a Citroen DS5 according to its year and its condition.
|Vehicle Year||Citroen DS5 Condition|
|Citroen DS5 variations:|