Are you looking to buy (or sell) a Dodge Avenger in Ibadan? Vehiclus studied the local used auto market of all cities in Nigeria to determine a pricing profile of various Dodge models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your Avenger (or to be certain to not be overcharged when buying a Dodge Avenger) it is of value to learn all price-establishing variables.
Ibadan is a city with a current population of 3565108 people. Nevertheless, it is hard to find more than three Dodge Avenger on the market . Hence, the supply is not high and the demand depends on various of factors e.g. maintenance costs, brand popularity, and reliability.
As illustrated in the figure below, cars of the car manufacturer Dodge and especially of the model Avenger loose their value in a very customary way. The average value of the Avenger will be decreased by up to 14% ($22,990) after just one year. After three years, the car typically is valued at 62% of its original asking price ($16,894) while it will only be valued at 29% of the MSRP after 7 years ($7,429). The Avenger'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 loss of value over miles driven. The Dodge Avenger depreciation curve below shows this phenomenon for Ibadan. The Avenger looses most of its value (ca 46%) within the first 30k kilometers of its mileage. The typical price for a Avenger at that mileage is approximately $14,760. After that the depreciation slows down: at 90k kilometers the Dodge Avenger is sold for $8,929 in Ibadan and for $4,243 at 180k kilometers driven.
The last factor that heavily determines the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the deflation of a Dodge Avenger according to its year and its condition.
|Vehicle Year||Dodge Avenger Condition|
|Dodge Avenger variations:|
|AVENGER 2.0L BVM5|
|AVENGER 2.0L TD BVM6|
|AVENGER 2.7L BVA4|
|AVENGER 2.4L BVA4|