Are you currently in the market to buy (or sell) a Mercedes Citan in Ibadan? Vehiclus studied the local used auto 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. To maximize your profits when selling your Citan (or to make sure to not be overcharged when purchasing a Mercedes Citan) it is useful to know all price-determining factors.
Ibadan is a city with currently 3565108 inhabitants. However, it is hard to find more than five Mercedes Citan on the local car market . That's why the supply is little and the demand depends on various of parameters e.g. brand reputation, fuel mileage, and brand competetivness.
As seen below, cars of the manufacturer Mercedes and especially of the model Citan depreciate in a very average fashion. The mean selling price of the Citan will be decreased by up to 14% ($42,192) after only one year. After three years, the car typically costs only 62% of its original asking price ($31,201) while it will only be priced at 29% of the original price after 7 years ($13,758). The Citan's value after 12 years is only 10% of its original price depending on its condition of course.
One more way to quantify car depreciation is to look at the decrease of value over mileage. The Mercedes Citan depreciation curve below describes this phenomenon for Ibadan. The Citan looses most of its resell price (~ 50%) within the first 30k km of its mileage. The average price for a Citan at that usage level is ca $27,312. After that the depreciation plateaus: at 90k km the Mercedes Citan is priced for $16,801 in Ibadan and for $7,998 at 180k km driven.
The last value that heavily determines the selling price of a used car is the technical and optical condition of the vehicle. The table below shows the deflation of a Mercedes Citan according to its year and its condition.
|Vehicle Year||Mercedes Citan Condition|
|Mercedes Citan variations:|