Are you in the market to buy (or sell) a Suzuki Wagon in Ibadan? Vehiclus studied 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. In order to maximize your profits when selling your Wagon (or to be certain to not be overcharged when buying a Suzuki Wagon) it is of value to know most price-establishing variables.
Ibadan is a city with currently 3565108 inhabitants. Nevertheless, it is hard to find more than three Suzuki Wagon on the used car market at the same time. Therefore, the supply is low and the demand depends on various of factors such as maintenance costs, brand popularity, and reliability.
As shown below, cars of the manufacturer Suzuki and especially of the model Wagon depreciate in a very customary process. The average value of the Wagon will be lowered by 13% ($21,814) after only 1 year. After 3 years, the car usually costs only 64% of its original asking price ($15,970) while it will only be worth 28% of the original price after 7 years ($6,974). The Wagon's value after 12 years is only 11% of its initial price depending on its condition of course.
One more way to describe car depreciation is to study the decrease of value vs mileage. The Suzuki Wagon depreciation curve below illustrates this phenomenon for the city of Ibadan. The Wagon looses most of its value (~ 46%) within the first 20,000miles (30,000km) of its mileage. The average price for a Wagon at that mileage is approximately $13,864. After that the devaluation slows down: at 90,000km the Suzuki Wagon is sold for $8,276 in Ibadan and for $3,896 at 180k km 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 Suzuki Wagon according to its year and its condition.
|Vehicle Year||Suzuki Wagon Condition|
|Suzuki Wagon variations:|
|WAGON R+ 1.3L VVT|
|WAGON R+ 1.3L VVT 4X4|
|WAGON R+ 1.3L 5PL|
|WAGON R+ 1.3L BVA|
|WAGON R+ 1.3L DDIS|
|WAGON R+ 1.3L BVA 5PL|
|WAGON R+ 1.3L 5PL BVA|
|WAGON R+ 1.0L|
|WAGON R+ 1.2L 16V|
|WAGON R+ 1.3L|
|WAGON R+ 1.3L VVT BVA|