Are you looking to buy (or sell) a Daewoo Musso in Ibadan? Vehiclus analyzed the local used car market of all metropolitan areas in Nigeria to establish a pricing profile of various Daewoo models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your Musso (or to be certain to not be ripped off when buying a Daewoo Musso) it is of value to understand all price-establishing factors.
Ibadan is a city with a current population of 3565108 inhabitants. However, there are not many Daewoo Musso on the market. Hence, the supply is little and the demand depends on various of parameters e.g. car model reputation, fuel mileage, and used car pricing.
As described in the figure below, cars of the make Daewoo and specially of their model Musso depreciate in a very standard process. The average selling price of the Musso will be lowered by up to 14% ($17,021) after just one year. After 3 years, the car usually is sold for approximately 62% of its initial selling price ($12,596) while it will only be worth 28% of the original price after 7 years ($5,916). The Musso's value after twelve years is only 12% of its initial price depending on its condition of course.
Another way to analyze car depreciation is to look at the loss of value vs kilometers driven. The Daewoo Musso depreciation curve below shows this phenomenon for Ibadan. The Musso looses most of its resell price (approximately 47%) within the first 20,000miles (30,000km) of its mileage. The mean price for a Musso at that mileage is ca $10,887. After that the devaluation slows down: at 90,000km the Daewoo Musso is valued for $6,659 in Ibadan and for $3,542 at 180k km .
The last factor that significantly effects the sell price of a used car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Daewoo Musso according to its year and its condition.
|Vehicle Year||Daewoo Musso Condition|
|Daewoo Musso variations:|
|MUSSO 2.9 SELTD BVA|
|MUSSO 2.3 SLTD|
|MUSSO 2.9 SELTD|
|MUSSO 3.2 SELi BVA|