Are you in the market to buy (or sell) a Ford Kuga in Ibadan? Vehiclus surveyed the used automotive market of all towns in Nigeria to determine a pricing profile of various Ford models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your Kuga (or to be sure to not overpay when buying a Ford Kuga) it is useful to learn all price-determining factors.
Ibadan is a metropolitan area with a current population of 3565108 people. However, it is hard to find more than a handful Ford Kuga on the used car market at the same time. Hence, the supply is low and the demand depends on various of parameters e.g. brand reputation, mileage, and reliability.
As illustrated in the figure below, cars of the make Ford and especially of their model Kuga loose their value in a very standard fashion. The average value of the Kuga will be lowered by up to 14% ($13,453) after only one year. After three years, the car typically is sold for approximately 60% of its original asking price ($9,868) while it will only be priced at 31% of the MSRP after 7 years ($4,516). The Kuga's value after twelve years is only 10% of its original price depending on its condition of course.
One more way to describe car depreciation is to study the loss of value vs mileage. The Ford Kuga depreciation curve below shows this phenomenon for the city of Ibadan. The Kuga looses most of its resell price (ca 50%) within the first 30k km driven. The typical price for a Kuga at that mileage is approximately $8,599. After that the depreciation slows down: at 90,000km the Ford Kuga is valued for $5,171 in Ibadan and for $2,637 at 180,000km driven.
The last factor that heavily impacts the sell price of a used car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Ford Kuga according to its year and its condition.
|Vehicle Year||Ford Kuga Condition|
|Ford Kuga variations:|
|KUGA 2000 TDCi (136ch) FAP|
|KUGA 2000 TDCi (136ch) FAP AWD|
|KUGA 2500 (200ch) BVA5|
|KUGA 2500 (200ch) BVM6 AWD|