Are you looking to buy (or sell) a Fiat Seicento in Ibadan? Vehiclus surveyed the local used auto market of all cities in Nigeria to determine a pricing profile of various Fiat models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your Seicento (or to be sure to not be overcharged when purchasing a Fiat Seicento) it is of value to know most price-establishing factors.
Ibadan is a city with currently 3565108 inhabitants. Nevertheless, there are not many Fiat Seicento available on the market. That's why the supply is small and the demand depends on various of parameters such as season, mileage, and used car pricing.
As pictured below, cars of the car manufacturer Fiat and specially of the model Seicento loose their value in a very conventional manner. The average asking price of the Seicento will be lowered by up to 13% ($13,307) after only 1 year. After three years, the car usually is valued at 63% of its original asking price ($9,823) while it will only be valued at 29% of the MSRP after 7 years ($4,178). The Seicento's value after twelve years is only 12% of its original 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 Seicento depreciation curve below shows this phenomenon for Ibadan. The Seicento looses most of its value (ca 47%) within the first 30,000km driven. The typical price for a Seicento at that usage level is approximately $8,515. After that the depreciation slows down: at 90k km the Fiat Seicento is valued for $5,187 in Ibadan and for $2,323 at 180k km driven.
The last parameter that heavily determines the selling price of a used car is the technical and optical condition of the vehicle. The table below describes the deflation of a Fiat Seicento according to its year and its condition.
|Vehicle Year||Fiat Seicento Condition|
|Fiat Seicento variations:|
|SEICENTO 1.1L 8V|
|SEICENTO SPORTING ABARTH|
|SEICENTO TEAM / ACTIVE|