Are you currently in the market to buy (or sell) a Kia Opirius in Ibadan? Vehiclus studied the local used automotive market of all towns in Nigeria to establish a pricing profile of various Kia models depending on their age, technical condition, optical condition, and mileage. To maximize your profits when selling your Opirius (or to make sure to not overpay when buying a Kia Opirius) it is of value to know all price-establishing variables.
Ibadan is a city with a population of 3565108 inhabitants. However, it is hard to find more than a handful Kia Opirius on the local car market . Therefore, the supply is small and the demand depends on various of parameters e.g. maintenance costs, fuel mileage, and brand competetivness.
As described in the figure below, cars of the car manufacturer Kia and especially of the model Opirius depreciate in a very standard way. The mean selling price of the Opirius will be lowered by up to 13% ($26,217) after just 1 year. After 3 years, the car usually costs only 63% of its initial selling price ($18,807) while it will only be valued at 28% of the MSRP after 7 years ($8,676). The Opirius's value after 12 years is only 13% of its first price depending on its condition of course.
One more way to analyze car depreciation is to study the decrease of value over kilometers driven. The Kia Opirius depreciation curve below describes this phenomenon for Ibadan. The Opirius looses most of its value (ca 46%) within the first 30,000km of its mileage. The average price for a Opirius at that usage level is $16,949. After that the depreciation plateaus: at 90k kilometers the Kia Opirius is priced for $9,837 in Ibadan and for $5,088 at 180,000km .
The last factor that significantly influences 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 Kia Opirius according to its year and its condition.
|Vehicle Year||Kia Opirius Condition|
|Kia Opirius variations:|
|OPIRIUS 3.8 V6 BVA|