Are you looking to buy (or sell) a Toyota Verso in Ibadan? Vehiclus surveyed the local used auto market of all cities in Nigeria to determine a pricing profile of various Toyota models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your profits when selling your Verso (or to be certain to not be overcharged when buying a Toyota Verso) it is useful to know most price-determining variables.
Ibadan is a city with 3565108 inhabitants. Nevertheless, there are usually not many Toyota Verso available on the market. That's why the supply is low and the demand depends on various of factors for example car model reputation, fuel mileage, and used car pricing.
As seen below, cars of the car manufacturer Toyota and especially of the model Verso devaluate in a very conventional fashion. The mean asking price of the Verso will be lowered by up to 13% ($16,383) after only one year. After three years, the car typically costs only 63% of its initial asking price ($11,983) while it will only be priced at 28% of the MSRP after 7 years ($5,316). The Verso's value after twelve years is only 10% of its initial price depending on its condition of course.
One more way to quantify car depreciation is to examine the loss of value over miles driven. The Toyota Verso depreciation curve below shows this phenomenon for Ibadan. The Verso looses most of its value (~ 46%) within the first 20,000miles (30,000km) driven. The average price for a Verso at that mileage is $10,525. After that the depreciation slows down: at 90k km the Toyota Verso is priced for $6,314 in Ibadan and for $3,048 at 180k km driven.
The last parameter that heavily impacts the price of a second-hand car is the technical and optical condition of the vehicle. The table below illustrates the deflation of a Toyota Verso according to its year and its condition.
|Vehicle Year||Toyota Verso Condition|
|Toyota Verso variations:|
|NOUVEAU VERSO (126ch) D-4D FAP BVM6 5/7PL|
|NOUVEAU VERSO (126ch) D-4D BVM6 5/7PL|
|NOUVEAU VERSO (132ch) VVT-i BVM6 5/7PL|
|NOUVEAU VERSO (177ch) D-CAT FAP BVM6 5/7PL|
|NOUVEAU VERSO (147ch) VVT-i Multidrive S 5/7PL|
|NOUVEAU VERSO (147ch) VVT-i MultiDrive S 5/7PL|
|NOUVEAU VERSO (150ch) D-CAT FAP BVA6 5/7PL|