Are you currently in the market to buy (or sell) a Hyundai Getz in Ibadan? Vehiclus analyzed the local 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. To optimize your profits when selling your Getz (or to make sure to not overpay when buying a Hyundai Getz) it is highly recommended to understand all value-determining variables.
Ibadan is a metropolitan area with a current population of 3565108 . Nevertheless, there are not many Hyundai Getz for purchase on the market. Hence, the supply is not high and the demand depends on a multitude of parameters such as brand reputation, brand popularity, and reliability.
As described in the figure below, cars of the make Hyundai and especially of the model Getz depreciate in a very customary manner. The mean asking price of the Getz will be lowered by 14% ($10,038) after just 1 year. After three years, the car typically goes for only 60% of its initial selling price ($7,201) while it will only be priced at 32% of the original price after 7 years ($3,346). The Getz's value after 12 years is only 13% of its initial price depending on its condition of course.
Another way to quantify car depreciation is to look at the decrease of value over miles driven. The Hyundai Getz depreciation curve below shows this phenomenon for the city of Ibadan. The Getz looses most of its value (ca 50%) within the first 30,000km driven. The average price for a Getz at that mileage is approximately $6,487. After that the depreciation slows down: at 90k kilometers the Hyundai Getz is priced for $3,764 in Ibadan and for $1,971 at 180k km driven.
The last parameter that significantly determines the price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Hyundai Getz according to its year and its condition.
|Vehicle Year||Hyundai Getz Condition|
|Hyundai Getz variations:|
|GETZ 3P 1.3 PACK Confort|
|GETZ 5P 1.5 CRDi (110ch) PACK Confort|
|GETZ 5P 1.1 PACK|
|GETZ 5P 1.3 PACK Confort BVA|
|GETZ 3P 1.1|
|GETZ 5P 1.5 CRDi (88ch) PACK Clim|
|GETZ 5P 1.5 CRDi (110ch) PACK Confort III|
|GETZ 5P 1.5 CRDi (88ch) PACK Confort|
|GETZ 5P 1.4 PACK Confort|
|GETZ 5P 1.1Clim / PACK Sound|
|GETZ 5P 1.5 CRDi PACK Confort|
|GETZ 5P 1.5 CRDi (88ch) Clim / PACK Sound|
|GETZ 5P 1.1 PACK Clim|
|GETZ 3P 1.1 PACK|
|GETZ 5P 1.3 PACK Clim / Confort|
|GETZ 5P 1.4 PACK Confort BVA|
|GETZ 5P 1.5 CRDi PACK Clim / Confort|
|GETZ 3P 1.5 CRDi PACK Clim|
|GETZ 5P 1.5 CRDi (88ch) Clim / PACK Sound Low emission|
|GETZ 3P 1.5 CRDi (88ch)|