Are you currently in the market to buy (or sell) a Jaguar XJ in Ibadan? Vehiclus analyzed the local used car market of all cities in Nigeria to establish a pricing profile of various Jaguar models depending on their age, technical condition, optical condition, and mileage. To maximize your profits when selling your XJ (or to make sure to not be ripped off when purchasing a Jaguar XJ) it is useful to understand all price-determining factors.
Ibadan is a metropolitan area with 3565108 inhabitants. Nevertheless, there are not many Jaguar XJ available on the market. Therefore, the supply is small and the demand depends on various of factors e.g. maintenance costs, brand popularity, and brand competetivness.
As described in the figure below, cars of the manufacturer Jaguar and specially of the model XJ depreciate in a very customary way. The average value of the XJ will be decreased by 13% ($50,481) after only 1 year. After 3 years, the car usually costs only 64% of its original asking price ($36,236) while it will only be worth 30% of the original price after 7 years ($16,085). The XJ's value after 12 years is only 12% of its original price depending on its condition of course.
Another way to analyze vehicle depreciation is to study the decrease of value over miles driven. The Jaguar XJ depreciation curve below describes this phenomenon for the city of Ibadan. The XJ looses most of its resell price (ca 50%) within the first 30,000km driven. The mean price for a XJ at that mileage is approximately $32,298. After that the devaluation slows down: at 90k km the Jaguar XJ is priced for $18,640 in Ibadan and for $9,047 at 180k km .
The last factor that heavily effects the price of a used car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Jaguar XJ according to its year and its condition.
|Vehicle Year||Jaguar XJ Condition|
|Jaguar XJ variations:|
|NOUVELLE XJ 5L SURALIMENTE LWB|
|NOUVELLE XJ 5L|
|NOUVELLE XJ 5L SURALIMENTE|
|NOUVELLE XJ 5L LWB|
|NOUVELLE XJ 3L DIESEL LWB|