Are you currently in the market to buy (or sell) a Ford C-Max in Ibadan? Vehiclus studied the local used automotive market of all metropolitan areas in Nigeria to establish a pricing profile of various Ford models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your C-Max (or to be sure to not be ripped off when buying a Ford C-Max) it is useful to know most price-determining variables.
Ibadan is a town with currently 3565108 inhabitants. Nevertheless, it is hard to find more than five Ford C-Max on the market at the same time. That's why the supply is low and the demand depends on various of parameters e.g. brand reputation, fuel mileage, and reliability.
As pictured below, cars of the make Ford and specially of their model C-Max devaluate in a very customary way. The mean price of the C-Max will be lowered by up to 13% ($22,976) after only one year. After three years, the car typically goes for only 62% of its original asking price ($16,494) while it will only be valued at 29% of the original price after 7 years ($7,397). The C-Max's value after 12 years is only 10% of its first price depending on its condition of course.
Another way to analyze car depreciation is to study the loss of value vs miles driven. The Ford C-Max depreciation curve below describes this phenomenon for the city of Ibadan. The C-Max looses most of its value (ca 46%) within the first 30k kilometers driven. The mean price for a C-Max at that usage level is ca $14,747. After that the devaluation plateaus: at 90k km the Ford C-Max is priced for $8,530 in Ibadan and for $4,212 at 180,000km of mileage.
The last factor that significantly influences the selling price of a used car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Ford C-Max according to its year and its condition.
|Vehicle Year||Ford C-Max Condition|
|Ford C-Max variations:|