Are you currently in the market to buy (or sell) a Mercedes GLK in Ibadan? Vehiclus analyzed the local used auto market of all cities in Nigeria to determine a pricing profile of various Mercedes models depending on their age, technical condition, optical condition, and mileage. To maximize your earnings when selling your GLK (or to make sure to not be ripped off when buying a Mercedes GLK) it is recommended to learn all price-establishing variables.
Ibadan is a metropolitan area with a current population of 3565108 people. Nevertheless, it is hard to find more than a dozen Mercedes GLK on the car market at the same time. That's why the supply is small and the demand depends on a multitude of factors for example brand reputation, mileage, and used car pricing.
As shown below, cars of the make Mercedes and especially of the model GLK devaluate in a very predictable process. The average value of the GLK will be decreased by 14% ($60,988) after only one year. After 3 years, the car typically is valued at 64% of its original asking price ($43,129) while it will only be worth 28% of the original price after 7 years ($19,476). The GLK's value after twelve years is only 13% of its initial price depending on its condition of course.
Another way to describe vehicle depreciation is to study the decrease of value over mileage. The Mercedes GLK depreciation curve below illustrates this phenomenon for Ibadan. The GLK looses most of its resell price (ca 46%) within the first 30k kilometers driven. The average price for a GLK at that usage level is approximately $39,354. After that the depreciation slows down: at 90k km the Mercedes GLK is sold for $22,193 in Ibadan and for $11,102 at 180,000km .
The last parameter that significantly determines the price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Mercedes GLK according to its year and its condition.
|Vehicle Year||Mercedes GLK Condition|
|Mercedes GLK variations:|
|GLK 350 4 MATIC BVA7|
|GLK 300 4MATIC BVA7|
|GLK 350 CDI 4MATIC BVA7|
|GLK 220 CDI 4MATIC BVA7 FAP|
|GLK 250 CDI 4MATIC BVA7 FAP|
|GLK 300 CDI 4MATIC BVA7 FAP|
|GLK 320 CDI 4 MATIC BVA7|
|GLK 350 CDI 4MATIC BVA7 FAP|
|GLK 280 4 MATIC BVA7|
|GLK 220 CDI BVM6 FAP|