Are you in the market to buy (or sell) a Porsche Macan in Ibadan? Vehiclus surveyed the used car market of all cities in Nigeria to establish a pricing profile of various Porsche models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Macan (or to make sure to not overpay when purchasing a Porsche Macan) it is useful to understand most price-establishing variables.
Ibadan is a metropolitan area with 3565108 inhabitants. Nevertheless, there are not many Porsche Macan on the market. That's why the supply is little and the demand depends on a multitude of factors e.g. season, mileage, and used car pricing.
As illustrated in the figure below, cars of the manufacturer Porsche and especially of the model Macan devaluate in a very predictable fashion. The mean value of the Macan will be decreased by 14% ($86,568) after just one year. After 3 years, the car typically costs only 62% of its initial asking price ($61,655) while it will only be priced at 32% of the MSRP after 7 years ($26,128). The Macan's value after twelve years is only 11% of its first price depending on its condition of course.
Another way to describe vehicle depreciation is to study the decrease of value vs mileage. The Porsche Macan depreciation curve below shows this phenomenon for the city of Ibadan. The Macan looses most of its resell price (~ 46%) within the first 30,000km of its mileage. The mean price for a Macan at that mileage is approximately $55,606. After that the devaluation plateaus: at 90k km the Porsche Macan is priced for $31,692 in Ibadan and for $14,143 at 180,000km driven.
The last parameter that significantly influences the price of a used car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Porsche Macan according to its year and its condition.
|Vehicle Year||Porsche Macan Condition|
|Porsche Macan variations:|