Are you currently looking to buy (or sell) a Daewoo Matiz in Ibadan? Vehiclus surveyed the local used automotive market of all cities in Nigeria to determine a pricing profile of various Daewoo models depending on their age, technical condition, optical condition, and mileage. To optimize your earnings when selling your Matiz (or to make sure to not be ripped off when buying a Daewoo Matiz) it is very recommended to understand most price-establishing factors.
Ibadan is a metropolitan area with 3565108 inhabitants. However, it is hard to find more than five Daewoo Matiz on the market there. Therefore, the supply is small and the demand depends on a multitude of factors for example car model reputation, fuel mileage, and reliability.
As described in the figure below, cars of the car manufacturer Daewoo and specially of the model Matiz depreciate in a very standard fashion. The average value of the Matiz will be decreased by 14% ($16,465) after only 1 year. After 3 years, the car typically is valued at 61% of its original asking price ($11,898) while it will only be worth 28% of the MSRP after 7 years ($5,382). The Matiz's value after twelve years is only 13% of its initial price depending on its condition of course.
Another way to describe car depreciation is to study the decrease of value vs miles driven. The Daewoo Matiz depreciation curve below describes this phenomenon for the city of Ibadan. The Matiz looses most of its value (approximately 47%) within the first 30k kilometers driven. The typical price for a Matiz at that mileage is ca $10,685. After that the devaluation plateaus: at 90k kilometers the Daewoo Matiz is priced for $6,304 in Ibadan and for $3,144 at 180,000km .
The last value that significantly 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 Daewoo Matiz according to its year and its condition.
|Vehicle Year||Daewoo Matiz Condition|
|Daewoo Matiz variations:|
|MATIZ 1.0L SOHC|
|MATIZ 0.8L PACK SUPER S|
|MATIZ 1.0L SE|
|MATIZ 0.8L SOHC|