Are you currently looking to buy (or sell) a Cadillac Seville in Mumbai? Vehiclus studied the used auto market of all cities in India to determine a pricing profile of various Cadillac models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Seville (or to be sure to not be overcharged when purchasing a Cadillac Seville) it is very recommended to understand all value-determining variables.
Mumbai is a metropolitan area with a population of 12691836 inhabitants. However, it is hard to find more than five Cadillac Seville 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.
As shown below, cars of the manufacturer Cadillac and specially of the model Seville devaluate in a very usual way. The average selling price of the Seville will be lowered by 13% ($25,737) after just one year. After 3 years, the car usually is sold for about 61% of its original asking price ($18,741) while it will only be valued at 28% of the original price after 7 years ($7,913). The Seville's value after 12 years is only 12% of its initial price depending on its condition of course.
Another way to describe car depreciation is to study the decrease of value over miles driven. The Cadillac Seville depreciation curve below illustrates this phenomenon for Mumbai. The Seville looses most of its value (ca 50%) within the first 30k kilometers of its mileage. The average price for a Seville at that usage level is approximately $16,605. After that the devaluation slows down: at 90k km the Cadillac Seville is priced for $9,905 in Mumbai and for $4,379 at 180k kilometers driven.
The last parameter that significantly determines the sell price of a used car is the technical and optical condition of the vehicle. The table below illustrates the deflation of a Cadillac Seville according to its year and its condition.
|Vehicle Year||Cadillac Seville Condition|
|Cadillac Seville variations:|
|SEVILLE V8 4.6L BVA|