Are you currently looking to buy (or sell) a Suzuki SX4 in Ibadan? Vehiclus surveyed the local used auto market of all metropolitan areas in Nigeria to determine a pricing profile of various Suzuki models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your SX4 (or to be certain to not be ripped off when purchasing a Suzuki SX4) it is a good idea to know all price-determining factors.
Ibadan is a town with a current population of 3565108 people. Nevertheless, it is hard to find more than a dozen Suzuki SX4 on the used car market there. That's why the supply is not high and the demand depends on various of parameters for example season, mileage, and reliability.
As shown below, cars of the make Suzuki and especially of their model SX4 loose their value in a very customary manner. The mean selling price of the SX4 will be lowered by 13% ($16,424) after just 1 year. After three years, the car usually costs only 61% of its original asking price ($11,899) while it will only be priced at 32% of the MSRP after 7 years ($5,515). The SX4's value after 12 years is only 10% of its original price depending on its condition of course.
Another way to quantify vehicle depreciation is to look at the decrease of value vs kilometers driven. The Suzuki SX4 depreciation curve below shows this phenomenon for the city of Ibadan. The SX4 looses most of its value (~ 45%) within the first 30k kilometers driven. The typical price for a SX4 at that usage level is $10,600. After that the devaluation plateaus: at 90k kilometers the Suzuki SX4 is priced for $6,262 in Ibadan and for $3,260 at 180,000km of mileage.
The last factor that significantly influences the selling price of a used car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Suzuki SX4 according to its year and its condition.
|Vehicle Year||Suzuki SX4 Condition|
|Suzuki SX4 variations:|
|SX4 1.6 DDIS|
|SX4 1.6L DDIS|
|SX4 1.6 L BVA4|
|SX4 1.9 DDIS|
|SX4 2L DDIS|
|SX4 1.6 L BVA4 4X4|
|SX4 2.0 DDIS|
|SX4 1.9 DDIS 4X4|
|SX4 1.6L 4X4|
|SX4 1.6 L|
|SX4 1.6L BVA4|