Are you looking to buy (or sell) a Dodge Caliber in Ibadan? Vehiclus studied the local used car market of all metropolitan areas in Nigeria to establish a pricing profile of various Dodge models depending on their age, technical condition, optical condition, and mileage. To optimize your earnings when selling your Caliber (or to make sure to not be overcharged when purchasing a Dodge Caliber) it is useful to know most price-determining factors.
Ibadan is a city with currently 3565108 inhabitants. However, there are not many Dodge Caliber for purchase on the market. That's why the supply is little and the demand depends on various of parameters for example car model reputation, fuel mileage, and reliability.
As described in the figure below, cars of the make Dodge and specially of their model Caliber devaluate in a very conventional fashion. The mean asking price of the Caliber will be lowered by up to 13% ($20,947) after just one year. After 3 years, the car usually goes for only 64% of its original asking price ($15,571) while it will only be priced at 30% of the original price after 7 years ($7,086). The Caliber's value after twelve years is only 12% of its first price depending on its condition of course.
Another way to describe car depreciation is to examine the loss of value vs mileage. The Dodge Caliber depreciation curve below describes this phenomenon for Ibadan. The Caliber looses most of its value (~ 46%) within the first 20,000miles (30,000km) of its mileage. The typical price for a Caliber at that mileage is ca $13,331. After that the depreciation plateaus: at 90k km the Dodge Caliber is valued for $8,201 in Ibadan and for $4,138 at 180,000km driven.
The last value that heavily effects the price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Dodge Caliber according to its year and its condition.
|Vehicle Year||Dodge Caliber Condition|
|Dodge Caliber variations:|
|CALIBER 2.0 CRD FAP|
|CALIBER 2.0L CVT|
|CALIBER 1.8L BVM5|
|CALIBER 2.0 CRD S. FAP|
|CALIBER SRT4 2.4L BVM6|
|CALIBER 2.0 CRD BM6|
|CALIBER 2.0 CRD|