Volkswagen Multivan for sale in Ibadan (Nigeria)

Are you in the market to buy (or sell) a Volkswagen Multivan in Ibadan? Vehiclus studied the local used automotive market of all metropolitan areas in Nigeria to establish a pricing profile of various Volkswagen models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your Multivan (or to be certain to not overpay when purchasing a Volkswagen Multivan) it is a good idea to understand most value-determining variables.

Supply and Demand of Volkswagen Multivan on the local auto market

Ibadan is a city with a current population of 3565108 inhabitants. However, it is hard to find more than a handful Volkswagen Multivan on the used car market . Hence, the supply is little and the demand depends on various of factors such as season, fuel mileage, and brand competetivness.

Price Devaluation Curve of the Multivan in Ibadan

As seen below, cars of the manufacturer Volkswagen and especially of their model Multivan loose their value in a very standard manner. The average value of the Multivan will be decreased by 13% ($36,760) after only 1 year. After 3 years, the car usually goes for only 61% of its initial asking price ($26,469) while it will only be valued at 32% of the MSRP after 7 years ($12,201). The Multivan's value after twelve years is only 13% of its original price depending on its condition of course.

Depreciation according to vehicle mileage

Another way to describe vehicle depreciation is to examine the decrease of value over miles driven. The Volkswagen Multivan depreciation curve below describes this phenomenon for the city of Ibadan. The Multivan looses most of its value (ca 50%) within the first 30,000km driven. The average price for a Multivan at that mileage is approximately $23,565. After that the depreciation plateaus: at 90k kilometers the Volkswagen Multivan is sold for $13,700 in Ibadan and for $7,094 at 180k kilometers .

Volkswagen Multivan price depending on condition (fair, good, excellent)

The last value that significantly determines the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Volkswagen Multivan according to its year and its condition.

Vehicle Year	Volkswagen Multivan Condition
	fair	good	excellent
2017	$34,174	$38,201	$42,227
2016	$30,052	$33,594	$37,135
2015	$26,223	$29,313	$32,403
2014	$22,687	$25,360	$28,033
2013	$19,442	$21,733	$24,024
2012	$16,490	$18,433	$20,376
2011	$13,830	$15,460	$17,089
2010	$11,462	$12,813	$14,164
2009	$9,387	$10,493	$11,599
2008	$7,604	$8,500	$9,396
2007	$6,113	$6,834	$7,554
2006	$4,915	$5,494	$6,074
2005	$4,009	$4,481	$4,954
2004	$3,395	$3,795	$4,195
2003	$3,074	$3,436	$3,798
2002	$3,045	$3,403	$3,762