Are you currently in the market to buy (or sell) a Hyundai i20 in Ibadan? Vehiclus studied the used automotive 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. To maximize your profits when selling your i20 (or to be sure to not overpay when purchasing a Hyundai i20) it is useful to learn all value-determining factors.
Ibadan is a city with currently 3565108 inhabitants. Nevertheless, it is hard to find more than three Hyundai i20 on the used car market . Therefore, the supply is not high and the demand depends on various of factors such as maintenance costs, fuel mileage, and used car pricing.
As seen below, cars of the manufacturer Hyundai and specially of the model i20 depreciate in a very normal manner. The average value of the i20 will be lowered by up to 13% ($11,764) after just 1 year. After three years, the car usually costs only 62% of its original selling price ($8,287) while it will only be valued at 29% of the MSRP after 7 years ($3,795). The i20's value after 12 years is only 13% of its first price depending on its condition of course.
One more way to describe vehicle depreciation is to look at the loss of value vs miles driven. The Hyundai i20 depreciation curve below illustrates this phenomenon for Ibadan. The i20 looses most of its value (ca 47%) within the first 20,000miles (30,000km) of its mileage. The mean price for a i20 at that mileage is $7,565. After that the devaluation slows down: at 90k km the Hyundai i20 is valued for $4,224 in Ibadan and for $2,170 at 180k kilometers .
The last factor that significantly impacts the selling price of a used car is the technical and optical condition of the vehicle. The table below describes the deflation of a Hyundai i20 according to its year and its condition.
|Vehicle Year||Hyundai i20 Condition|
|Hyundai i20 variations:|
|i20 1.4 CRDi (90ch) PACK Color Confort|
|i20 1.4 CRDi (75ch) PACK Confort Euro 5 3P|
|i20 1.4 CRDi (75ch) PACK Clim|
|i20 1.4 CRDi (75ch) PACK Clim Euro 5 5P|
|i20 1.2 PACK Clim 3 portes|
|i20 1.2 PACK / PACK Clim / PACK Color Clim|