Are you currently looking to buy (or sell) a Daihatsu Materia in Ibadan? Vehiclus surveyed the used automotive market of all metropolitan areas in Nigeria to determine a pricing profile of various Daihatsu models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your Materia (or to be certain to not be ripped off when buying a Daihatsu Materia) it is of value to understand most price-determining factors.
Ibadan is a metropolitan area with a population of 3565108 people. Nevertheless, there are usually not many Daihatsu Materia on the market. That's why the supply is not high and the demand depends on various of factors e.g. car model reputation, brand popularity, and brand competetivness.
As pictured below, cars of the manufacturer Daihatsu and specially of their model Materia loose their value in a very customary manner. The average asking price of the Materia will be lowered by up to 13% ($16,425) after just one year. After three years, the car typically is valued at 63% of its original asking price ($11,616) while it will only be valued at 28% of the original price after 7 years ($5,349). The Materia's value after 12 years is only 10% of its original price depending on its condition of course.
Another way to describe car depreciation is to look at the decrease of value vs kilometers driven. The Daihatsu Materia depreciation curve below describes this phenomenon for Ibadan. The Materia looses most of its resell price (approximately 47%) within the first 30,000km of its mileage. The average price for a Materia at that mileage is $10,670. After that the devaluation slows down: at 90k kilometers the Daihatsu Materia is sold for $6,047 in Ibadan and for $3,121 at 180k kilometers .
The last parameter that heavily determines the price of a used car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Daihatsu Materia according to its year and its condition.
|Vehicle Year||Daihatsu Materia Condition|
|Daihatsu Materia variations:|
|MATERIA 1.5L BVM5|
|MATERIA 1.3L BVM5|
|MATERIA 1.5L BVA4|