Kia Magentis for sale in Johannesburg (South Africa)

Are you looking to buy (or sell) a Kia Magentis in Johannesburg? Vehiclus analyzed the used car market of all towns in South Africa to establish a pricing profile of various Kia models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your Magentis (or to make sure to not be ripped off when purchasing a Kia Magentis) it is useful to know all price-establishing variables.

Supply and Demand of Kia Magentis on the local vehicle market

Johannesburg is a metropolitan area with a population of 2026469 inhabitants. However, it is hard to find more than five Kia Magentis on the car market there. Therefore, the supply is small and the demand depends on various of parameters e.g. brand reputation, brand popularity, and used car pricing.

Price Devaluation Curve of the Magentis in Johannesburg

As illustrated in the figure below, cars of the manufacturer Kia and specially of the model Magentis loose their value in a very conventional way. The mean price of the Magentis will be decreased by up to 13% ($28,351) after only one year. After three years, the car usually costs only 61% of its original selling price ($20,522) while it will only be valued at 32% of the original price after 7 years ($8,764). The Magentis's value after 12 years is only 13% of its first price depending on its condition of course.

Depreciation according to vehicle mileage

One more way to quantify vehicle depreciation is to look at the decrease of value vs miles driven. The Kia Magentis depreciation curve below describes this phenomenon for Johannesburg. The Magentis looses most of its resell price (~ 50%) within the first 30,000km of its mileage. The mean price for a Magentis at that mileage is $18,231. After that the depreciation plateaus: at 90,000km the Kia Magentis is sold for $10,728 in Johannesburg and for $4,847 at 180,000km of mileage.

Kia Magentis price depending on condition (fair, good, excellent)

The last factor 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 Kia Magentis according to its year and its condition.

Vehicle Year	Kia Magentis Condition
	fair	good	excellent
2017	$30,895	$31,641	$32,387
2016	$27,169	$27,825	$28,481
2015	$23,708	$24,280	$24,852
2014	$20,510	$21,005	$21,500
2013	$17,577	$18,001	$18,425
2012	$14,908	$15,268	$15,628
2011	$12,503	$12,805	$13,107
2010	$10,363	$10,613	$10,863
2009	$8,487	$8,691	$8,896
2008	$6,875	$7,041	$7,206
2007	$5,527	$5,660	$5,794
2006	$4,444	$4,551	$4,658
2005	$3,624	$3,712	$3,799
2004	$3,069	$3,144	$3,218
2003	$2,779	$2,846	$2,913
2002	$2,752	$2,819	$2,885