Daewoo Lanos in Mumbai

Daewoo Lanos for sale in Mumbai (India)

Are you currently in the market to buy (or sell) a Daewoo Lanos in Mumbai? Vehiclus analyzed the used car market of all towns in India to determine a pricing profile of various Daewoo models depending on their age, technical condition, optical condition, and mileage. To maximize your profits when selling your Lanos (or to be sure to not overpay when purchasing a Daewoo Lanos) it is of value to know all price-determining variables.

Supply and Demand of Daewoo Lanos on the local car market

Mumbai is a town with a current population of 12691836 inhabitants. Nevertheless, it is hard to find more than five Daewoo Lanos on the market there. Hence, the supply is little and the demand depends on a multitude of factors such as car model reputation, mileage, and reliability.

Price Devaluation Curve of the Lanos in Mumbai

As illustrated in the figure below, cars of the car manufacturer Daewoo and specially of their model Lanos depreciate in a very predictable fashion. The average selling price of the Lanos will be lowered by up to 13% ($16,851) after only one year. After three years, the car usually is valued at 62% of its original selling price ($12,279) while it will only be valued at 28% of the original price after 7 years ($5,354). The Lanos's value after twelve years is only 13% of its initial price depending on its condition of course.


Depreciation according to vehicle mileage

One more way to quantify car depreciation is to examine the loss of value vs kilometers driven. The Daewoo Lanos depreciation curve below illustrates this phenomenon for the city of Mumbai. The Lanos looses most of its resell price (~ 47%) within the first 30k km of its mileage. The average price for a Lanos at that usage level is approximately $10,786. After that the devaluation slows down: at 90,000km the Daewoo Lanos is valued for $6,409 in Mumbai and for $3,006 at 180,000km of mileage.

Daewoo Lanos price depending on condition (fair, good, excellent)

The last value that heavily influences 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 Daewoo Lanos according to its year and its condition.

Vehicle Year Daewoo Lanos Condition
fair good excellent
2017$14,347$16,879$19,410
2016$12,617$14,843$17,069
2015$11,009$12,952$14,894
2014$9,525$11,205$12,885
2013$8,162$9,602$11,043
2012$6,923$8,144$9,366
2011$5,806$6,831$7,855
2010$4,812$5,661$6,510
2009$3,941$4,636$5,332
2008$3,192$3,756$4,319
2007$2,566$3,019$3,472
2006$2,063$2,427$2,791
2005$1,683$1,980$2,277
2004$1,425$1,677$1,928
2003$1,290$1,518$1,746
2002$1,278$1,504$1,729

Enter vehicle make, model and city of interest:


Audi
A5
starting at
$16,165
in New Orleans (US)
Mercedes
E-Class
starting at
$18,299
in Barletta (IT)
Renault
Captur
starting at
$7,007
in La Villa del Rosario (VE)
Daewoo Lanos variations:
LANOS 5P 1.6L SX
LANOS 3P 1.4L S/SE
LANOS 3P 1.6L SX BVA
LANOS 3P 1.5L SE/RECREO
LANOS 5P 1.4L S/SE
LANOS 5P 1.5L SE/RECREO
LANOS 5P 1.6L SX BVA
LANOS 3P 1.6L SX