Are you currently looking to buy (or sell) a Hyundai Atos in Ibadan? Vehiclus analyzed the used auto market of all metropolitan areas in Nigeria to determine a pricing profile of various Hyundai models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your Atos (or to be certain to not be ripped off when buying a Hyundai Atos) it is recommended to understand most value-determining variables.
Ibadan is a metropolitan area with a current population of 3565108 inhabitants. Nevertheless, it is hard to find more than three Hyundai Atos on the used car market there. That's why the supply is low and the demand depends on a multitude of factors such as maintenance costs, brand popularity, and reliability.
As pictured below, cars of the car manufacturer Hyundai and specially of the model Atos loose their value in a very standard process. The mean price of the Atos will be decreased by 13% ($10,911) after just 1 year. After 3 years, the car usually goes for only 63% of its original selling price ($7,868) while it will only be priced at 29% of the MSRP after 7 years ($3,416). The Atos's value after twelve years is only 11% of its original price depending on its condition of course.
Another way to analyze vehicle depreciation is to examine the decrease of value over mileage. The Hyundai Atos depreciation curve below illustrates this phenomenon for Ibadan. The Atos looses most of its value (~ 47%) within the first 30,000km driven. The typical price for a Atos at that mileage is ca $7,091. After that the depreciation plateaus: at 90k kilometers the Hyundai Atos is valued for $4,171 in Ibadan and for $1,937 at 180,000km of mileage.
The last factor that heavily effects the selling price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Hyundai Atos according to its year and its condition.
|Vehicle Year||Hyundai Atos Condition|
|Hyundai Atos variations:|
|ATOS PRIME 1.1 PACK Facelift|
|ATOS PRIME 1.1 PACK|
|ATOS PRIME 1.0 PACK|
|ATOS PRIME 1.0L GL/GL CLIM/GLS|
|ATOS 1.0L GL|