Are you in the market to buy (or sell) a Nissan Murano 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. To maximize your earnings when selling your Murano (or to make sure to not be overcharged when buying a Nissan Murano) it is recommended to understand most price-determining variables.
Ibadan is a town with currently 3565108 inhabitants. However, there are usually not many Nissan Murano for purchase on the market. Therefore, the supply is low and the demand depends on various of parameters for example car model reputation, mileage, and brand competetivness.
As pictured below, cars of the manufacturer Nissan and especially of the model Murano depreciate in a very predictable manner. The mean asking price of the Murano will be decreased by 14% ($28,224) after only 1 year. After three years, the car usually is valued at 64% of its original asking price ($20,725) while it will only be priced at 28% of the MSRP after 7 years ($9,016). The Murano's value after 12 years is only 12% of its first price depending on its condition of course.
One more way to analyze car depreciation is to look at the decrease of value over kilometers driven. The Nissan Murano depreciation curve below illustrates this phenomenon for Ibadan. The Murano looses most of its resell price (~ 47%) within the first 30k kilometers driven. The average price for a Murano at that usage level is approximately $18,101. After that the depreciation slows down: at 90k kilometers the Nissan Murano is priced for $10,928 in Ibadan and for $5,097 at 180k km driven.
The last parameter that significantly impacts the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Nissan Murano according to its year and its condition.
|Vehicle Year||Nissan Murano Condition|
|Nissan Murano variations:|
|MURANO 3.5 V6|
|MURANO 3.5L V6|