Are you currently looking to buy (or sell) a Ford S-Max in Ibadan? Vehiclus studied the local used auto market of all cities in Nigeria to establish a pricing profile of various Ford models depending on their age, technical condition, optical condition, and mileage. To maximize your earnings when selling your S-Max (or to be sure to not overpay when purchasing a Ford S-Max) it is of value to understand most value-determining variables.
Ibadan is a town with currently 3565108 inhabitants. Nevertheless, there are usually not many Ford S-Max for purchase on the market. That's why the supply is low and the demand depends on various of parameters such as season, fuel mileage, and brand competetivness.
As illustrated in the figure below, cars of the car manufacturer Ford and specially of their model S-Max loose their value in a very average process. The mean price of the S-Max will be lowered by up to 13% ($33,682) after just one year. After three years, the car usually is sold for about 60% of its original asking price ($24,524) while it will only be valued at 31% of the MSRP after 7 years ($10,613). The S-Max's value after 12 years is only 12% of its initial price depending on its condition of course.
Another way to describe car depreciation is to study the loss of value over kilometers driven. The Ford S-Max depreciation curve below describes this phenomenon for Ibadan. The S-Max looses most of its value (ca 50%) within the first 30k kilometers of its mileage. The average price for a S-Max at that usage level is $21,702. After that the depreciation plateaus: at 90,000km the Ford S-Max is sold for $12,931 in Ibadan and for $5,975 at 180,000km of mileage.
The last parameter that significantly effects the price of a second-hand car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Ford S-Max according to its year and its condition.
|Vehicle Year||Ford S-Max Condition|
|Ford S-Max variations:|
|S-MAX 2200 TDCi (175ch) FAP|
|S-MAX 2500 (220ch)|
|S-MAX 1800 TDCi (125ch)|
|S-MAX 2000 TDCi (140ch)|
|S-MAX 2000 TDCi (140ch) BVA6 FAP|
|S-MAX 2000 TDCi (140ch) FAP|
|S-MAX 2300 (160ch) BVA6|
|S-MAX 2000 (145ch) BIOFLEX|
|S-MAX 2000 (145ch)|