Are you looking to buy (or sell) a Hyundai Matrix in Ibadan? Vehiclus studied the local used auto market of all metropolitan areas in Nigeria to establish a pricing profile of various Hyundai models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your profits when selling your Matrix (or to be certain to not be ripped off when purchasing a Hyundai Matrix) it is of value to understand all price-determining variables.
Ibadan is a city with 3565108 inhabitants. However, it is hard to find more than five Hyundai Matrix on the car market . Therefore, the supply is small and the demand depends on a multitude of parameters e.g. brand reputation, fuel mileage, and used car pricing.
As seen below, cars of the car manufacturer Hyundai and specially of the model Matrix devaluate in a very conventional manner. The average value of the Matrix will be decreased by up to 14% ($17,119) after just one year. After three years, the car typically costs only 60% of its original asking price ($12,286) while it will only be worth 30% of the MSRP after 7 years ($5,821). The Matrix's value after 12 years is only 12% of its original price depending on its condition of course.
Another way to quantify car depreciation is to study the decrease of value over miles driven. The Hyundai Matrix depreciation curve below illustrates this phenomenon for Ibadan. The Matrix looses most of its resell price (approximately 46%) within the first 20,000miles (30,000km) driven. The typical price for a Matrix at that mileage is approximately $10,985. After that the depreciation plateaus: at 90,000km the Hyundai Matrix is priced for $6,350 in Ibadan and for $3,447 at 180,000km driven.
The last value that significantly effects the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Hyundai Matrix according to its year and its condition.
|Vehicle Year||Hyundai Matrix Condition|
|Hyundai Matrix variations:|
|MATRIX 1.5 CRDi (102ch) PACK Clim / Confort|
|MATRIX 1.5 CRDi (110ch) PACK Confort|
|MATRIX 1.5 CRDi PACK Clim|
|MATRIX 1.6 PACK Confort II BVA|
|MATRIX 1.6 PACK Confort BVA|
|MATRIX 1.5 CRDi 110 PACK Clim / Confort|
|MATRIX 1.5L CRDi GLS|
|MATRIX 1.6L GLS|
|MATRIX 1.6 PACK Clim / Confort|
|MATRIX 1.5 CRDi PACK Clim / Confort|
|MATRIX 1.5 CRDi (110ch) PACK Confort II|
|MATRIX 1.6 PACK Confort II|
|MATRIX 1.6 PACK Confort|