Are you currently looking to buy (or sell) a Ford B-Max in Mumbai? Vehiclus surveyed the used automotive market of all metropolitan areas in India to determine a pricing profile of various Ford models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your B-Max (or to be certain to not be ripped off when buying a Ford B-Max) it is of value to understand most price-determining factors.
Mumbai is a metropolitan area with a population of 12691836 people. Nevertheless, there are usually not many Ford B-Max on the market. That's why the supply is not high and the demand depends on various of factors e.g. car model reputation, brand popularity, and brand competetivness.
As pictured below, cars of the manufacturer Ford and specially of their model B-Max loose their value in a very customary manner. The average asking price of the B-Max will be lowered by up to 13% ($16,425) after just one year. After three years, the car typically is valued at 63% of its original asking price ($11,616) while it will only be valued at 28% of the original price after 7 years ($5,349). The B-Max's value after 12 years is only 10% of its original price depending on its condition of course.
Another way to describe car depreciation is to look at the decrease of value vs kilometers driven. The Ford B-Max depreciation curve below describes this phenomenon for Mumbai. The B-Max looses most of its resell price (approximately 47%) within the first 30,000km of its mileage. The average price for a B-Max at that mileage is $10,670. After that the devaluation slows down: at 90k kilometers the Ford B-Max is sold for $6,047 in Mumbai and for $3,121 at 180k kilometers .
The last parameter that heavily determines the price of a used car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Ford B-Max according to its year and its condition.
|Vehicle Year||Ford B-Max Condition|
|Ford B-Max variations:|