Are you currently looking to buy (or sell) a Subaru B9 in Ibadan? Vehiclus studied the used auto market of all metropolitan areas in Nigeria to establish a pricing profile of various Subaru models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your profits when selling your B9 (or to make sure to not overpay when purchasing a Subaru B9) it is useful to understand most price-determining variables.
Ibadan is a metropolitan area with a current population of 3565108 inhabitants. However, there are not many Subaru B9 available on the market. Hence, the supply is low and the demand depends on a multitude of factors e.g. car model reputation, fuel mileage, and brand competetivness.
As illustrated in the figure below, cars of the make Subaru and specially of their model B9 depreciate in a very average fashion. The average value of the B9 will be lowered by up to 14% ($20,636) after just 1 year. After 3 years, the car usually costs only 62% of its initial selling price ($15,247) while it will only be worth 29% of the original price after 7 years ($6,734). The B9's value after twelve years is only 10% of its initial price depending on its condition of course.
One more way to describe vehicle depreciation is to look at the loss of value over mileage. The Subaru B9 depreciation curve below illustrates this phenomenon for Ibadan. The B9 looses most of its resell price (~ 50%) within the first 20,000miles (30,000km) of its mileage. The mean price for a B9 at that mileage is approximately $13,332. After that the depreciation plateaus: at 90,000km the Subaru B9 is valued for $8,179 in Ibadan and for $3,906 at 180k km driven.
The last parameter that significantly determines the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the deflation of a Subaru B9 according to its year and its condition.
|Vehicle Year||Subaru B9 Condition|
|Subaru B9 variations:|
|B9 TRIBECA SW 7PL|
|B9 TRIBECA SW 5 PLACES|
|B9 TRIBECA SW 7 PLACES|
|B9 TRIBECA SW 5PL|