Are you looking to buy (or sell) a Nissan Juke in Ibadan? Vehiclus studied the local used auto market of all metropolitan areas in Nigeria to establish a pricing profile of various Nissan models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your profits when selling your Juke (or to be certain to not be ripped off when purchasing a Nissan Juke) it is of value to understand all price-determining variables.
Ibadan is a city with 3565108 inhabitants. However, it is hard to find more than five Nissan Juke on the car market . Therefore, the supply is small and the demand depends on a multitude of parameters e.g. brand reputation, fuel mileage, and used car pricing.
As seen below, cars of the car manufacturer Nissan and specially of the model Juke devaluate in a very conventional manner. The average value of the Juke will be decreased by up to 14% ($17,119) after just one year. After three years, the car typically costs only 60% of its original asking price ($12,286) while it will only be worth 30% of the MSRP after 7 years ($5,821). The Juke's value after 12 years is only 12% of its original price depending on its condition of course.
Another way to quantify car depreciation is to study the decrease of value over miles driven. The Nissan Juke depreciation curve below illustrates this phenomenon for Ibadan. The Juke looses most of its resell price (approximately 46%) within the first 20,000miles (30,000km) driven. The typical price for a Juke at that mileage is approximately $10,985. After that the depreciation plateaus: at 90,000km the Nissan Juke is priced for $6,350 in Ibadan and for $3,447 at 180,000km driven.
The last value that significantly effects the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Nissan Juke according to its year and its condition.
|Vehicle Year||Nissan Juke Condition|
|Nissan Juke variations:|