Are you in the market to buy (or sell) a Peugeot RCZ in Johannesburg? Vehiclus studied the used auto market of all metropolitan areas in South Africa to determine a pricing profile of various Peugeot models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your RCZ (or to make sure to not be ripped off when purchasing a Peugeot RCZ) it is a good idea to know all price-determining factors.
Johannesburg is a metropolitan area with a population of 2026469 inhabitants. However, it is hard to find more than a handful Peugeot RCZ on the market at the same time. Hence, the supply is small and the demand depends on a multitude of parameters for example brand reputation, mileage, and reliability.
As seen below, cars of the make Peugeot and specially of their model RCZ devaluate in a very usual process. The mean value of the RCZ will be lowered by 13% ($21,563) after only one year. After three years, the car typically costs only 64% of its original asking price ($15,443) while it will only be worth 30% of the original price after 7 years ($6,166). The RCZ's value after 12 years is only 12% of its original price depending on its condition of course.
Another way to analyze vehicle depreciation is to examine the decrease of value over kilometers driven. The Peugeot RCZ depreciation curve below illustrates this phenomenon for the city of Johannesburg. The RCZ looses most of its resell price (ca 50%) within the first 20,000miles (30,000km) driven. The typical price for a RCZ at that mileage is approximately $13,947. After that the depreciation slows down: at 90k kilometers the Peugeot RCZ is sold for $8,074 in Johannesburg and for $3,219 at 180k km of mileage.
The last value that significantly impacts the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the deflation of a Peugeot RCZ according to its year and its condition.
|Vehicle Year||Peugeot RCZ Condition|
|Peugeot RCZ variations:|