Are you currently looking to buy (or sell) a Mitsubishi Carisma in Johannesburg? Vehiclus analyzed the local used car market of all towns in South Africa to determine a pricing profile of various Mitsubishi models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your Carisma (or to be certain to not overpay when purchasing a Mitsubishi Carisma) it is useful to learn most price-establishing factors.
Johannesburg is a town with a current population of 2026469 . However, it is hard to find more than five Mitsubishi Carisma on the local car market . Hence, the supply is small and the demand depends on a multitude of factors e.g. car model reputation, brand popularity, and used car pricing.
As illustrated in the figure below, cars of the car manufacturer Mitsubishi and specially of their model Carisma loose their value in a very average fashion. The mean asking price of the Carisma will be lowered by up to 13% ($22,378) after just one year. After three years, the car usually costs only 64% of its original asking price ($16,346) while it will only be valued at 28% of the original price after 7 years ($6,779). The Carisma's value after twelve years is only 11% of its first price depending on its condition of course.
Another way to describe vehicle depreciation is to look at the loss of value over kilometers driven. The Mitsubishi Carisma depreciation curve below describes this phenomenon for the city of Johannesburg. The Carisma looses most of its resell price (ca 47%) within the first 30k kilometers driven. The average price for a Carisma at that mileage is approximately $14,477. After that the devaluation slows down: at 90,000km the Mitsubishi Carisma is sold for $8,701 in Johannesburg and for $3,721 at 180k km of mileage.
The last value that heavily influences the sell price of a used car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Mitsubishi Carisma according to its year and its condition.
|Vehicle Year||Mitsubishi Carisma Condition|
|Mitsubishi Carisma variations:|
|CARISMA 1.8GDI BVA|
|CARISMA 1.9DI-D (102ch)|
|CARISMA 1.9DI-D (115ch)|