Are you currently in the market to buy (or sell) a Fiat Croma in Ibadan? Vehiclus surveyed the local used auto market of all towns in Nigeria to determine a pricing profile of various Fiat models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your earnings when selling your Croma (or to be sure to not be overcharged when purchasing a Fiat Croma) it is of value to know most price-determining factors.
Ibadan is a town with a population of 3565108 people. However, there are usually not many Fiat Croma available on the market. Hence, the supply is small and the demand depends on a multitude of parameters for example maintenance costs, fuel mileage, and used car pricing.
As illustrated in the figure below, cars of the make Fiat and especially of the model Croma devaluate in a very standard manner. The average value of the Croma will be lowered by up to 14% ($18,578) after only one year. After 3 years, the car typically goes for only 60% of its original selling price ($13,151) while it will only be valued at 31% of the original price after 7 years ($5,616). The Croma's value after 12 years is only 11% of its first price depending on its condition of course.
One more way to analyze vehicle depreciation is to study the decrease of value over mileage. The Fiat Croma depreciation curve below illustrates this phenomenon for the city of Ibadan. The Croma looses most of its value (ca 50%) within the first 30k km of its mileage. The typical price for a Croma at that mileage is ca $11,996. After that the depreciation plateaus: at 90,000km the Fiat Croma is priced for $6,781 in Ibadan and for $3,068 at 180,000km of mileage.
The last parameter that heavily impacts the sell price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Fiat Croma according to its year and its condition.
|Vehicle Year||Fiat Croma Condition|
|Fiat Croma variations:|
|CROMA 2.2L 16V|
|CROMA 1.9 Multijet 16V BVA6|
|CROMA 2.2L 16V FL|
|CROMA 2.4 Multijet 20V BVA6|
|CROMA 2.2L 16V BVA5|
|CROMA 1.8 MPI FL|
|CROMA 2.4 Multijet 20V BVA6 FL|
|CROMA 1.9 Multijet 16V FL DPF|
|CROMA 1.9 Multijet 16V BVA6 FL|
|CROMA 1.9 Multijet 16V|
|CROMA 1.9 Multijet 8V DPF|
|CROMA 2.2L 16V BVA|
|CROMA 2.4 Multijet 20V BVA|
|CROMA 1.9 Multijet 8V FL DPF|
|CROMA 1.9 Multijet 16V BVA|
|CROMA 2.2L 16V BVA5 FL|
|CROMA 1.9 Multijet 8V|
|CROMA 1.9 Multijet 8V FL|
|CROMA 1.8 MPI|
|CROMA 1.9 Multijet 16V FL|