Are you in the market to buy (or sell) a Suzuki Alto in Johannesburg? Vehiclus analyzed the local used car market of all cities in South Africa to establish a pricing profile of various Suzuki models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your profits when selling your Alto (or to make sure to not be overcharged when buying a Suzuki Alto) it is recommended to know all price-establishing factors.
Johannesburg is a metropolitan area with 2026469 inhabitants. However, there are not many Suzuki Alto available on the market. Hence, the supply is little and the demand depends on a multitude of factors for example season, fuel mileage, and reliability.
As pictured below, cars of the make Suzuki and specially of the model Alto loose their value in a very normal manner. The mean asking price of the Alto will be lowered by up to 13% ($16,094) after just 1 year. After 3 years, the car usually is sold for about 61% of its original selling price ($11,442) while it will only be valued at 30% of the MSRP after 7 years ($5,141). The Alto's value after 12 years is only 11% of its original price depending on its condition of course.
One more way to describe vehicle depreciation is to study the loss of value over mileage. The Suzuki Alto depreciation curve below shows this phenomenon for the city of Johannesburg. The Alto looses most of its value (approximately 45%) within the first 30k kilometers driven. The mean price for a Alto at that mileage is $10,345. After that the depreciation plateaus: at 90,000km the Suzuki Alto is priced for $5,879 in Johannesburg and for $2,915 at 180,000km driven.
The last value that significantly determines the sell price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Suzuki Alto according to its year and its condition.
|Vehicle Year||Suzuki Alto Condition|
|Suzuki Alto variations:|