Are you currently looking to buy (or sell) a Mercedes CLS in Ibadan? Vehiclus analyzed the local used car market of all towns in Nigeria to determine a pricing profile of various Mercedes models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your CLS (or to make sure to not be ripped off when purchasing a Mercedes CLS) it is highly recommended to know all value-determining variables.
Ibadan is a town with a population of 3565108 . However, there are usually not many Mercedes CLS available on the market. That's why the supply is not high and the demand depends on a multitude of parameters e.g. season, fuel mileage, and reliability.
As illustrated in the figure below, cars of the manufacturer Mercedes and especially of the model CLS devaluate in a very conventional way. The average price of the CLS will be decreased by 14% ($41,247) after just 1 year. After three years, the car typically is sold for approximately 63% of its original selling price ($29,420) while it will only be priced at 30% of the original price after 7 years ($12,858). The CLS's value after twelve years is only 12% of its first price depending on its condition of course.
One more way to analyze vehicle depreciation is to examine the loss of value vs miles driven. The Mercedes CLS depreciation curve below illustrates this phenomenon for Ibadan. The CLS looses most of its value (~ 47%) within the first 30k kilometers driven. The typical price for a CLS at that mileage is $26,802. After that the devaluation slows down: at 90k kilometers the Mercedes CLS is valued for $15,441 in Ibadan and for $7,266 at 180,000km .
The last factor that significantly impacts the selling price of a used car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Mercedes CLS according to its year and its condition.
|Vehicle Year||Mercedes CLS Condition|
|Mercedes CLS variations:|
|CLS 320 CDI BVA7 FAP|
|CLS 350 BVA7|
|CLS 320 CDI BVA7|
|CLS 63 AMG BVA7|
|CLS 350 CGI BVA7|
|CLS 500 BVA7|
|CLS 55 AMG BVA|