Kia RIO in Mumbai

Kia RIO for sale in Mumbai (India)

Are you in the market to buy (or sell) a Kia RIO in Mumbai? Vehiclus analyzed the local used auto market of all metropolitan areas in India to determine a pricing profile of various Kia models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your RIO (or to make sure to not overpay when purchasing a Kia RIO) it is of value to learn most value-determining variables.

Supply and Demand of Kia RIO on the local vehicle market

Mumbai is a town with a population of 12691836 inhabitants. However, it is hard to find more than a dozen Kia RIO on the used car market . Hence, the supply is little and the demand depends on various of parameters for example brand reputation, fuel mileage, and reliability.

Price Devaluation Curve of the RIO in Mumbai

As seen below, cars of the car manufacturer Kia and specially of the model RIO depreciate in a very customary fashion. The mean asking price of the RIO will be decreased by up to 13% ($13,846) after only one year. After 3 years, the car usually is sold for about 61% of its original selling price ($9,735) while it will only be worth 29% of the original price after 7 years ($4,504). The RIO's value after 12 years is only 10% of its initial price depending on its condition of course.


Depreciation according to vehicle mileage

Another way to quantify vehicle depreciation is to look at the loss of value vs miles driven. The Kia RIO depreciation curve below describes this phenomenon for Mumbai. The RIO looses most of its resell price (ca 50%) within the first 30k km driven. The average price for a RIO at that mileage is approximately $8,995. After that the depreciation slows down: at 90k kilometers the Kia RIO is sold for $5,041 in Mumbai and for $2,626 at 180,000km .

Kia RIO price depending on condition (fair, good, excellent)

The last factor that significantly impacts the selling price of a used car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Kia RIO according to its year and its condition.

Vehicle Year Kia RIO Condition
fair good excellent
2017$8,595$12,059$15,524
2016$7,558$10,605$13,652
2015$6,595$9,254$11,912
2014$5,705$8,006$10,306
2013$4,889$6,861$8,832
2012$4,147$5,819$7,491
2011$3,478$4,880$6,282
2010$2,883$4,045$5,207
2009$2,361$3,312$4,264
2008$1,912$2,683$3,454
2007$1,537$2,157$2,777
2006$1,236$1,734$2,233
2005$1,008$1,414$1,821
2004$854$1,198$1,542
2003$773$1,084$1,396
2002$765$1,074$1,383

Enter vehicle make, model and city of interest:


Mercedes
CL
starting at
$16,385
in Chongqing (CN)
BMW
M3
starting at
$21,735
in Jieyang (CN)
Volkswagen
Passat
starting at
$11,762
in Greenville (US)
Kia RIO variations:
RIO 1.4
RIO 1.6 BVA
RIO 1.5 CRDi
RIO 1.6
RIO 1300 4P BVA
RIO 1300 5P BVA
RIO 1500 4P BVA
RIO 1500 5P
RIO 1500 5P BVA
RIO 1300 5P
RIO 1500 4P
RIO 1300 4P
RIO 1.4 BVA