Are you looking to buy (or sell) a Citroen Saxo in Ibadan? Vehiclus studied the local used car market of all metropolitan areas in Nigeria to establish a pricing profile of various Citroen models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your Saxo (or to be certain to not be overcharged when buying a Citroen Saxo) it is highly recommended to understand most price-determining factors.
Ibadan is a town with a current population of 3565108 inhabitants. Nevertheless, there are usually not many Citroen Saxo for purchase on the market. That's why the supply is little and the demand depends on various of parameters such as maintenance costs, mileage, and brand competetivness.
As illustrated in the figure below, cars of the manufacturer Citroen and especially of the model Saxo devaluate in a very average fashion. The average price of the Saxo will be decreased by up to 13% ($23,450) after just 1 year. After three years, the car typically is valued at 64% of its initial asking price ($16,619) while it will only be priced at 31% of the original price after 7 years ($7,599). The Saxo's value after twelve years is only 12% of its original price depending on its condition of course.
One more way to analyze car depreciation is to study the decrease of value vs kilometers driven. The Citroen Saxo depreciation curve below shows this phenomenon for Ibadan. The Saxo looses most of its value (approximately 46%) within the first 30k km of its mileage. The mean price for a Saxo at that usage level is ca $15,249. After that the depreciation slows down: at 90,000km the Citroen Saxo is sold for $8,683 in Ibadan and for $4,424 at 180,000km .
The last value that significantly determines the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Citroen Saxo according to its year and its condition.
|Vehicle Year||Citroen Saxo Condition|
|Citroen Saxo variations:|
|SAXO 5P 1.4i|
|SAXO 3P 1.5D|
|SAXO 3P 1.4i|
|SAXO 3P 1.4i VTS|
|SAXO 5P 1.5D|
|SAXO 3P 1.4i BVA|
|SAXO 5P 1.4i BVA|
|SAXO 3P 1.6i 16V VTS|
|SAXO 5P 1.1i|
|SAXO 3P 1.1i|
|SAXO 3P 1.6i VTS|