Are you currently looking to buy (or sell) a Kia Carnival in Ibadan? Vehiclus surveyed the used car market of all cities in Nigeria to determine a pricing profile of various Kia models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Carnival (or to be sure to not be ripped off when purchasing a Kia Carnival) it is a good idea to know all price-establishing factors.
Ibadan is a metropolitan area with a population of 3565108 people. However, it is hard to find more than a dozen Kia Carnival on the used car market there. That's why the supply is small and the demand depends on a multitude of parameters such as season, fuel mileage, and brand competetivness.
As pictured below, cars of the car manufacturer Kia and specially of their model Carnival loose their value in a very normal process. The mean value of the Carnival will be decreased by 14% ($18,834) after only one year. After 3 years, the car usually is valued at 63% of its original asking price ($13,514) while it will only be worth 28% of the original price after 7 years ($6,110). The Carnival's value after 12 years is only 10% of its initial price depending on its condition of course.
One more way to quantify car depreciation is to examine the loss of value over kilometers driven. The Kia Carnival depreciation curve below describes this phenomenon for the city of Ibadan. The Carnival looses most of its value (ca 50%) within the first 30k km driven. The mean price for a Carnival at that usage level is approximately $12,149. After that the depreciation plateaus: at 90k kilometers the Kia Carnival is valued for $7,044 in Ibadan and for $3,523 at 180,000km .
The last value that significantly impacts the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the deflation of a Kia Carnival according to its year and its condition.
|Vehicle Year||Kia Carnival Condition|
|Kia Carnival variations:|
|CARNIVAL V6 7PL|
|CARNIVAL BREAK 7PL D BVA|
|CARNIVAL BREAK 7PL D|
|CARNIVAL BREAK 7PL V6|
|CARNIVAL CRDI 7PL BVA|
|CARNIVAL 2.9 CRDi|
|CARNIVAL BREAK 7PL V6 BVA|
|CARNIVAL V6 7PL BVA|
|CARNIVAL 2.9 CRDi BVA|
|CARNIVAL CRDI 7PL|