Are you currently looking to buy (or sell) a Hyundai i30 in Ibadan? Vehiclus analyzed the local used automotive market of all cities in Nigeria to establish a pricing profile of various Hyundai models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your i30 (or to be sure to not overpay when buying a Hyundai i30) it is a good idea to learn most price-establishing factors.
Ibadan is a city with currently 3565108 inhabitants. However, it is hard to find more than five Hyundai i30 on the market . That's why the supply is not high and the demand depends on a multitude of factors for example brand reputation, mileage, and brand competetivness.
As described in the figure below, cars of the make Hyundai and especially of their model i30 depreciate in a very predictable fashion. The average value of the i30 will be lowered by 14% ($14,400) after only 1 year. After 3 years, the car usually costs only 61% of its original selling price ($10,377) while it will only be valued at 32% of the original price after 7 years ($4,756). The i30's value after 12 years is only 12% of its initial price depending on its condition of course.
Another way to quantify car depreciation is to look at the loss of value over miles driven. The Hyundai i30 depreciation curve below shows this phenomenon for Ibadan. The i30 looses most of its value (~ 47%) within the first 20,000miles (30,000km) driven. The typical price for a i30 at that mileage is approximately $9,162. After that the depreciation plateaus: at 90,000km the Hyundai i30 is valued for $5,308 in Ibadan and for $2,728 at 180,000km .
The last parameter that heavily impacts the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Hyundai i30 according to its year and its condition.
|Vehicle Year||Hyundai i30 Condition|
|Hyundai i30 variations:|
|i30 CW 1.6 CRDi (115ch) PACK Confort BVA|
|i30 1.4 Clim Blue Drive / PACK ISG|
|i30 1.6 CRDi (115ch) PACK Confort BVA|
|i30 CW 1.6 CRDi (115ch) PACK Edition BVM6|
|i30 1.6 CRDi PACK Clim / PACK Confort|
|i30 1.4 PACK Clim|
|i30 CW 1.6 CRDi (90ch) PACK Clim|
|i30 1.6 CRDi PACK Confort|
|i30 2.0 CRDi (140ch) PACK Luxe|
|i30 1.6 CRDi (115ch) PACK Edition BVA|
|i30 1.6 CRDi (90ch) PACK Clim / PACK Confort Low emission|
|i30 CW 1.6 CRDi (115ch) PACK Edition BVA|
|i30 1.6 CRDi (90ch) PACK Clim / PACK Confort ESP BVM6|
|i30 CW 1.6 CRDi (90ch) PACK Clim BVM6|
|i30 1.6 CRDi 115 PACK Edition Blue Drive|
|i30 1.6 CRDi (115ch) PACK Edition BVM6|
|i30 1.6 CRDi (115ch) PACK Confort Low emission|
|i30 CW 1.6 CRDi (115ch) PACK Confort|
|i30 CW 1.6 CRDi PACK Clim|
|i30 1.6 CRDi (115ch) PACK Confort|