Are you currently in the market to buy (or sell) a Suzuki Splash in Ibadan? Vehiclus analyzed the local used car market of all cities in Nigeria to determine a pricing profile of various Suzuki models depending on their age, technical condition, optical condition, and mileage. To maximize your profits when selling your Splash (or to be sure to not overpay when purchasing a Suzuki Splash) it is useful to understand all price-determining factors.
Ibadan is a town with a population of 3565108 inhabitants. Nevertheless, there are not many Suzuki Splash for purchase on the market. Hence, the supply is not high and the demand depends on various of parameters e.g. season, fuel mileage, and used car pricing.
As described in the figure below, cars of the car manufacturer Suzuki and especially of the model Splash depreciate in a very average way. The mean price of the Splash will be lowered by up to 13% ($14,520) after just 1 year. After three years, the car typically costs only 62% of its original selling price ($10,423) while it will only be worth 30% of the MSRP after 7 years ($4,737). The Splash's value after twelve years is only 13% of its original price depending on its condition of course.
Another way to quantify vehicle depreciation is to examine the decrease of value vs mileage. The Suzuki Splash depreciation curve below shows this phenomenon for Ibadan. The Splash looses most of its value (ca 45%) within the first 30,000km driven. The mean price for a Splash at that usage level is approximately $9,391. After that the depreciation slows down: at 90k km the Suzuki Splash is sold for $5,460 in Ibadan and for $2,752 at 180k km .
The last parameter that heavily determines the selling price of a used car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Suzuki Splash according to its year and its condition.
|Vehicle Year||Suzuki Splash Condition|
|Suzuki Splash variations:|
|SPLASH 1.2L BVA4|
|SPLASH 1.3L DDIS FAP|
|SPLASH 1.3L DDIS SANS FAP|