Are you currently in the market to buy (or sell) a Hyundai i10 in Ibadan? Vehiclus surveyed the local used automotive market of all towns in Nigeria to determine a pricing profile of various Hyundai models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your profits when selling your i10 (or to be sure to not be overcharged when buying a Hyundai i10) it is a good idea to know most price-determining variables.
Ibadan is a town with 3565108 inhabitants. Nevertheless, it is hard to find more than five Hyundai i10 on the local car market at the same time. Therefore, the supply is small and the demand depends on various of parameters e.g. season, fuel mileage, and reliability.
As shown below, cars of the car manufacturer Hyundai and especially of their model i10 depreciate in a very usual fashion. The mean selling price of the i10 will be lowered by 13% ($10,923) after only one year. After 3 years, the car usually goes for only 64% of its original asking price ($8,026) while it will only be priced at 27% of the MSRP after 7 years ($3,479). The i10's value after 12 years is only 13% of its initial price depending on its condition of course.
One more way to analyze car depreciation is to study the loss of value vs kilometers driven. The Hyundai i10 depreciation curve below illustrates this phenomenon for Ibadan. The i10 looses most of its resell price (approximately 45%) within the first 30k km driven. The mean price for a i10 at that usage level is approximately $7,033. After that the depreciation slows down: at 90k kilometers the Hyundai i10 is priced for $4,263 in Ibadan and for $1,974 at 180k km driven.
The last parameter that significantly influences the sell price of a used car is the technical and optical condition of the vehicle. The table below shows the deflation of a Hyundai i10 according to its year and its condition.
|Vehicle Year||Hyundai i10 Condition|
|Hyundai i10 variations:|
|i10 1.2 PACK / PACK Clim / PACK Color Clim|
|i10 1.2 CRDi PACK Clim|
|i10 1.2 PACK / PACK Clim II / PACK Color Clim II|
|i10 1.1 CRDi PACK / PACK Clim / PACK Color Clim|
|i10 1.2 PACK Confort BVA|
|i10 1.1 PACK Confort BVA|
|i10 1.1 PACK / PACK Clim|
|i10 1.2 PACK Color Confort II BVA|