Mercedes ML in Ibadan

Are you in the market to buy (or sell) a Mercedes ML in Ibadan? Vehiclus surveyed the used car market of all metropolitan areas in Nigeria to determine a pricing profile of various Mercedes models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your ML (or to be certain to not be overcharged when buying a Mercedes ML) it is a good idea to learn most price-establishing factors.

Ibadan is a metropolitan area with 3565108 inhabitants. Nevertheless, there are usually not many Mercedes ML on the market. Therefore, the supply is small and the demand depends on a multitude of parameters for example maintenance costs, brand popularity, and reliability.

As described in the figure below, cars of the manufacturer Mercedes and specially of their model ML depreciate in a very conventional process. The mean asking price of the ML will be lowered by 14% ($56,480) after only 1 year. After three years, the car usually costs only 61% of its initial asking price ($40,044) while it will only be priced at 30% of the original price after 7 years ($17,351). The ML's value after 12 years is only 11% of its initial price depending on its condition of course.

One more way to analyze car depreciation is to study the loss of value vs mileage. The Mercedes ML depreciation curve below illustrates this phenomenon for Ibadan. The ML looses most of its resell price (~ 50%) within the first 20,000miles (30,000km) driven. The typical price for a ML at that mileage is ca $36,455. After that the depreciation slows down: at 90,000km the Mercedes ML is valued for $20,665 in Ibadan and for $9,600 at 180k km of mileage.

The last factor that significantly influences the selling price of a used car is the technical and optical condition of the vehicle. The table below illustrates the deflation of a Mercedes ML according to its year and its condition.

Vehicle Year | Mercedes ML Condition | ||
---|---|---|---|

fair | good | excellent | |

2017 | $55,735 | $59,911 | $64,087 |

2016 | $49,013 | $52,686 | $56,358 |

2015 | $42,768 | $45,973 | $49,178 |

2014 | $37,000 | $39,773 | $42,545 |

2013 | $31,709 | $34,085 | $36,461 |

2012 | $26,894 | $28,909 | $30,924 |

2011 | $22,556 | $24,246 | $25,936 |

2010 | $18,695 | $20,095 | $21,496 |

2009 | $15,310 | $16,457 | $17,604 |

2008 | $12,402 | $13,331 | $14,261 |

2007 | $9,971 | $10,718 | $11,465 |

2006 | $8,016 | $8,617 | $9,218 |

2005 | $6,539 | $7,029 | $7,519 |

2004 | $5,538 | $5,953 | $6,368 |

2003 | $5,013 | $5,389 | $5,765 |

2002 | $4,966 | $5,338 | $5,710 |

Mercedes ML variations: |
---|

ML 270 CDI |

ML 320 CDI BVA7 |

ML 500 4MATIC BVA7 |

ML 500 BVA |

ML 350 CDI BE 4MATIC BVA7 FAP |

ML 300 CDI BE 4MATIC BVA7 FAP |

ML 350 BE 4MATIC BVA7 FAP |

ML 350CDI 4MATIC BVA7 |

ML 500 BVA7 |

ML 280 CDI BVA |

ML 63 AMG BVA7 |

ML 350 4MATIC BVA7 |

ML 320 CDI BVA7 FAP |

ML 280CDI 4MATIC BVA7 |

ML 55 AMG BVA |

ML 350 BVA7 |

ML 350 BVA |

ML 350 CDI 4MATIC BVA7 |

ML 350 CDI 4MATIC BVA7 FAP |

ML 420CDI 4MATIC BVA7 |

ML 270 CDI BVA |

ML 420 CDI BVA7 FAP |

ML 320CDI 4MATIC BVA7 |

ML 320 BVA |

ML 280 CDI BVA7 FAP |

ML 280 CDI BVA7 |

ML 320 CDI BVA |

ML 450 CDI 4MATIC BVA7 FAP |

ML 400 CDI BVA |

ML 300 CDI 4MATIC BVA7 |

ML 300 CDI 4MATIC BVA7 FAP |