Are you in the market to buy (or sell) a Mitsubishi Grandis in Ibadan? Vehiclus studied the used automotive market of all towns in Nigeria to establish a pricing profile of various Mitsubishi models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your Grandis (or to be certain to not be overcharged when purchasing a Mitsubishi Grandis) it is a good idea to know most price-determining variables.
Ibadan is a metropolitan area with 3565108 inhabitants. However, there are usually not many Mitsubishi Grandis on the market. Hence, the supply is little and the demand depends on various of parameters such as season, brand popularity, and used car pricing.
As seen below, cars of the make Mitsubishi and especially of the model Grandis devaluate in a very predictable fashion. The average selling price of the Grandis will be decreased by up to 13% ($29,974) after just 1 year. After 3 years, the car usually is sold for about 64% of its original asking price ($21,812) while it will only be worth 31% of the original price after 7 years ($9,886). The Grandis's value after 12 years is only 11% of its initial price depending on its condition of course.
One more way to describe vehicle depreciation is to look at the decrease of value vs mileage. The Mitsubishi Grandis depreciation curve below describes this phenomenon for the city of Ibadan. The Grandis looses most of its value (approximately 45%) within the first 30k km of its mileage. The average price for a Grandis at that mileage is ca $19,259. After that the depreciation plateaus: at 90,000km the Mitsubishi Grandis is sold for $11,443 in Ibadan and for $5,738 at 180,000km .
The last parameter that significantly influences the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Mitsubishi Grandis according to its year and its condition.
|Vehicle Year||Mitsubishi Grandis Condition|
|Mitsubishi Grandis variations:|
|GRANDIS 6PL 2.0L DI-D|
|GRANDIS 2.0 DI-D|
|GRANDIS 2.4 AT|
|GRANDIS 7PL 2.0L DI-D|