Are you looking to buy (or sell) a Fiat Idea in Mexico City? Vehiclus studied the local used car market of all metropolitan areas in Mexico to determine a pricing profile of various Fiat models depending on their age, technical condition, optical condition, and mileage. To optimize your earnings when selling your Idea (or to make sure to not be ripped off when purchasing a Fiat Idea) it is of value to understand most price-determining variables.
Mexico City is a town with currently 12294193 inhabitants. However, it is hard to find more than three Fiat Idea on the market . Therefore, the supply is little and the demand depends on a multitude of factors e.g. maintenance costs, brand popularity, and brand competetivness.
As seen below, cars of the manufacturer Fiat and specially of their model Idea devaluate in a very customary fashion. The average value of the Idea will be lowered by up to 14% ($12,769) after just one year. After three years, the car typically is sold for about 63% of its original asking price ($8,977) while it will only be priced at 31% of the original price after 7 years ($4,415). The Idea's value after twelve years is only 10% of its initial price depending on its condition of course.
Another way to quantify vehicle depreciation is to look at the decrease of value vs miles driven. The Fiat Idea depreciation curve below illustrates this phenomenon for the city of Mexico City. The Idea looses most of its resell price (~ 45%) within the first 20,000miles (30,000km) driven. The mean price for a Idea at that mileage is ca $8,254. After that the devaluation plateaus: at 90k kilometers the Fiat Idea is priced for $4,607 in Mexico City and for $2,667 at 180,000km .
The last parameter that significantly impacts the selling price of a used car is the technical and optical condition of the vehicle. The table below illustrates the deflation of a Fiat Idea according to its year and its condition.
|Vehicle Year||Fiat Idea Condition|
|Fiat Idea variations:|
|IDEA 1.6 Multijet 16V (120ch)|
|IDEA 1.4L 16V|
|IDEA 1.3 Multijet 16 V (90ch)|
|IDEA 1.3 Multijet 16V (90ch) Dualogic|
|IDEA 1.4L 16V Dualogic|
|IDEA 1.3 Multijet 16V (90ch)|
|IDEA 1.3 MultiJet 16V (90ch) Dualogic|
|IDEA 1.3 Multijet 16V Dualogic|
|IDEA 1.4L (95ch)|
|IDEA 1.3 JTD dualogic|
|IDEA 1.2L 16V|
|IDEA 1.4L 8V|
|IDEA 1.3 MultiJet 16V (90ch)|
|IDEA 1.3 Multijet 16V|
|IDEA 1.9 Multijet 8V|
|IDEA 1.3 Multijet 16 V (90ch) Dualogic|