Are you currently looking to buy (or sell) a BMW 328i in Johannesburg? Vehiclus analyzed the local used automotive market of all metropolitan areas in South Africa to determine a pricing profile of various BMW models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your earnings when selling your 328i (or to be certain to not be overcharged when purchasing a BMW 328i) it is of value to understand all price-determining factors.
Johannesburg is a metropolitan area with currently 2026469 inhabitants. However, there are usually not many BMW 328i on the market. Hence, the supply is low and the demand depends on various of factors for example season, brand popularity, and brand competetivness.
As shown below, cars of the make BMW and specially of their model 328i loose their value in a very standard manner. The mean selling price of the 328i will be lowered by up to 13% ($33,984) after just 1 year. After 3 years, the car typically is sold for approximately 62% of its initial selling price ($24,777) while it will only be priced at 27% of the original price after 7 years ($11,057). The 328i's value after twelve years is only 13% of its original price depending on its condition of course.
One more way to quantify car depreciation is to examine the loss of value over kilometers driven. The BMW 328i depreciation curve below describes this phenomenon for the city of Johannesburg. The 328i looses most of its value (~ 45%) within the first 30k km driven. The typical price for a 328i at that usage level is approximately $22,028. After that the devaluation slows down: at 90,000km the BMW 328i is priced for $13,207 in Johannesburg and for $6,430 at 180,000km driven.
The last factor that heavily impacts the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the devaluation of a BMW 328i according to its year and its condition.
|Vehicle Year||BMW 328i Condition|
|BMW 328i variations:|
|328i TOURING BVA|