Toyota Corolla for sale in Kufa (Iraq)

Are you currently looking to buy (or sell) a Toyota Corolla in Kufa? Vehiclus studied the used auto market of all cities in Iraq to determine a pricing profile of various Toyota models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Corolla (or to be sure to not be overcharged when purchasing a Toyota Corolla) it is very recommended to understand all value-determining variables.

Supply and Demand of Toyota Corolla on the local auto market

Kufa is a metropolitan area with a population of 110000 inhabitants. However, it is hard to find more than five Toyota Corolla on the used car market . Therefore, the supply is small and the demand depends on a multitude of factors e.g. car model reputation, brand popularity, and used car pricing.

Price Devaluation Curve of the Corolla in Kufa

As shown below, cars of the make Toyota and specially of their model Corolla loose their value in a very conventional fashion. The mean price of the Corolla will be lowered by 14% ($25,737) after only 1 year. After 3 years, the car usually is valued at 60% of its original asking price ($18,741) while it will only be worth 31% of the MSRP after 7 years ($7,913). The Corolla's value after 12 years is only 10% of its initial price depending on its condition of course.

Depreciation according to mileage

One more way to describe car depreciation is to look at the loss of value over kilometers driven. The Toyota Corolla depreciation curve below shows this phenomenon for the city of Kufa. The Corolla looses most of its value (approximately 45%) within the first 30,000km driven. The mean price for a Corolla at that usage level is ca $16,605. After that the depreciation plateaus: at 90k kilometers the Toyota Corolla is priced for $9,905 in Kufa and for $4,379 at 180,000km of mileage.

Toyota Corolla price depending on condition (fair, good, excellent)

The last parameter that significantly influences the price of a used car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Toyota Corolla according to its year and its condition.

Vehicle Year	Toyota Corolla Condition
	fair	good	excellent
2017	$25,931	$27,577	$29,223
2016	$22,804	$24,251	$25,699
2015	$19,898	$21,161	$22,424
2014	$17,214	$18,307	$19,400
2013	$14,752	$15,689	$16,625
2012	$12,512	$13,307	$14,101
2011	$10,494	$11,160	$11,826
2010	$8,698	$9,250	$9,802
2009	$7,123	$7,575	$8,027
2008	$5,770	$6,136	$6,502
2007	$4,639	$4,933	$5,228
2006	$3,729	$3,966	$4,203
2005	$3,042	$3,235	$3,428
2004	$2,576	$2,740	$2,903
2003	$2,332	$2,480	$2,628
2002	$2,310	$2,457	$2,603