Are you looking to buy (or sell) a Suzuki Jimny in Ibadan? Vehiclus analyzed the local used car market of all cities in Nigeria to establish a pricing profile of various Suzuki models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your profits when selling your Jimny (or to be certain to not overpay when buying a Suzuki Jimny) it is a good idea to learn most price-determining variables.
Ibadan is a metropolitan area with a population of 3565108 people. However, there are not many Suzuki Jimny on the market. Hence, the supply is small and the demand depends on various of factors such as season, brand popularity, and used car pricing.
As described in the figure below, cars of the make Suzuki and especially of the model Jimny depreciate in a very predictable process. The average price of the Jimny will be lowered by 14% ($18,461) after just one year. After 3 years, the car usually is sold for about 60% of its original selling price ($13,125) while it will only be valued at 27% of the original price after 7 years ($5,723). The Jimny's value after twelve years is only 13% of its original price depending on its condition of course.
One more way to analyze vehicle depreciation is to study the loss of value vs kilometers driven. The Suzuki Jimny depreciation curve below illustrates this phenomenon for the city of Ibadan. The Jimny looses most of its value (~ 46%) within the first 20,000miles (30,000km) driven. The typical price for a Jimny at that usage level is approximately $11,886. After that the depreciation plateaus: at 90k kilometers the Suzuki Jimny is sold for $6,762 in Ibadan and for $3,178 at 180k km .
The last factor 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 Suzuki Jimny according to its year and its condition.
|Vehicle Year||Suzuki Jimny Condition|
|Suzuki Jimny variations:|
|JIMNY CABRIOLET DDIS|
|JIMNY BERLINE 1.3L MAORI / SE|
|JIMNY BERLINE DDIS|
|JIMNY BERLINE 1.3L VVT|
|JIMNY BERLINE BVA4|
|JIMNY BERLINE 1.5L DDIS|
|JIMNY BERLINE 1.3L BVA4|
|JIMNY BERLINE JLX|
|JIMNY CABRIOLET 1.3L VVT|
|JIMNY BERLINE BVA|