Are you in the market to buy (or sell) a Mitsubishi ASX in Ibadan? Vehiclus studied the used automotive market of all towns in Nigeria to determine a pricing profile of various Mitsubishi models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your profits when selling your ASX (or to be sure to not be ripped off when purchasing a Mitsubishi ASX) it is of value to know most price-establishing factors.
Ibadan is a city with a current population of 3565108 inhabitants. Nevertheless, it is hard to find more than a handful Mitsubishi ASX on the car market . That's why the supply is small and the demand depends on a multitude of parameters such as season, brand popularity, and reliability.
As pictured below, cars of the make Mitsubishi and specially of their model ASX devaluate in a very customary way. The average asking price of the ASX will be lowered by up to 13% ($32,177) after just 1 year. After 3 years, the car typically is sold for about 63% of its original selling price ($22,886) while it will only be priced at 27% of the original price after 7 years ($10,480). The ASX's value after 12 years is only 12% of its initial price depending on its condition of course.
One more way to analyze vehicle depreciation is to study the loss of value vs mileage. The Mitsubishi ASX depreciation curve below describes this phenomenon for the city of Ibadan. The ASX looses most of its value (approximately 47%) within the first 20,000miles (30,000km) of its mileage. The average price for a ASX at that usage level is $20,842. After that the devaluation slows down: at 90,000km the Mitsubishi ASX is valued for $11,917 in Ibadan and for $6,092 at 180k km .
The last parameter that heavily impacts the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Mitsubishi ASX according to its year and its condition.
|Vehicle Year||Mitsubishi ASX Condition|
|Mitsubishi ASX variations:|