Kia Sportage for sale in Ibadan (Nigeria)

Are you currently in the market to buy (or sell) a Kia Sportage in Ibadan? Vehiclus analyzed the local used auto market of all towns in Nigeria to determine a pricing profile of various Kia models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your Sportage (or to be sure to not overpay when purchasing a Kia Sportage) it is useful to know most value-determining variables.

Supply and Demand of Kia Sportage on the local vehicle market

Ibadan is a town with a current population of 3565108 people. Nevertheless, there are usually not many Kia Sportage available on the market. That's why the supply is little and the demand depends on a multitude of parameters such as brand reputation, brand popularity, and used car pricing.

Price Devaluation Curve of the Sportage in Ibadan

As pictured below, cars of the car manufacturer Kia and especially of their model Sportage depreciate in a very conventional fashion. The mean price of the Sportage will be decreased by 14% ($25,428) after just one year. After three years, the car typically costs only 62% of its original selling price ($18,114) while it will only be valued at 29% of the MSRP after 7 years ($7,909). The Sportage's value after 12 years is only 11% of its initial price depending on its condition of course.

Depreciation according to mileage

One more way to quantify vehicle depreciation is to study the loss of value vs kilometers driven. The Kia Sportage depreciation curve below shows this phenomenon for the city of Ibadan. The Sportage looses most of its value (~ 50%) within the first 30k kilometers driven. The average price for a Sportage at that mileage is approximately $16,548. After that the devaluation plateaus: at 90,000km the Kia Sportage is sold for $9,521 in Ibadan and for $4,472 at 180k km of mileage.

Kia Sportage price depending on condition (fair, good, excellent)

The last parameter that significantly influences the selling price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Kia Sportage according to its year and its condition.

Vehicle Year	Kia Sportage Condition
	fair	good	excellent
2017	$13,306	$20,862	$28,418
2016	$11,701	$18,346	$24,991
2015	$10,210	$16,008	$21,807
2014	$8,833	$13,849	$18,866
2013	$7,570	$11,869	$16,168
2012	$6,420	$10,066	$13,713
2011	$5,385	$8,443	$11,501
2010	$4,463	$6,997	$9,532
2009	$3,655	$5,730	$7,806
2008	$2,960	$4,642	$6,323
2007	$2,380	$3,732	$5,084
2006	$1,913	$3,000	$4,087
2005	$1,561	$2,447	$3,334
2004	$1,322	$2,073	$2,823
2003	$1,196	$1,876	$2,556
2002	$1,185	$1,858	$2,532