Are you currently looking to buy (or sell) a Ford Grand in Mumbai? Vehiclus studied the used auto market of all metropolitan areas in India to establish a pricing profile of various Ford models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your earnings when selling your Grand (or to make sure to not be overcharged when buying a Ford Grand) it is a good idea to understand most price-establishing factors.
Mumbai is a metropolitan area with 12691836 inhabitants. However, there are not many Ford Grand for sale on the market. Therefore, the supply is not high and the demand depends on a multitude of parameters for example car model reputation, mileage, and reliability.
As seen below, cars of the car manufacturer Ford and specially of the model Grand loose their value in a very conventional way. The mean selling price of the Grand will be decreased by 14% ($21,358) after just 1 year. After three years, the car typically goes for only 62% of its original selling price ($15,421) while it will only be valued at 27% of the original price after 7 years ($7,185). The Grand's value after 12 years is only 13% of its first price depending on its condition of course.
One more way to analyze car depreciation is to look at the loss of value over kilometers driven. The Ford Grand depreciation curve below illustrates this phenomenon for Mumbai. The Grand looses most of its resell price (ca 46%) within the first 30,000km of its mileage. The mean price for a Grand at that usage level is $13,715. After that the depreciation plateaus: at 90k kilometers the Ford Grand is valued for $8,025 in Mumbai and for $4,227 at 180,000km of mileage.
The last factor that significantly determines the price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the deflation of a Ford Grand according to its year and its condition.
|Vehicle Year||Ford Grand Condition|
|Ford Grand variations:|