Are you looking to buy (or sell) a Kia Shuma in Mumbai? Vehiclus analyzed the used automotive market of all cities in India to establish a pricing profile of various Kia models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your Shuma (or to make sure to not be overcharged when buying a Kia Shuma) it is of value to understand all price-determining factors.
Mumbai is a metropolitan area with a current population of 12691836 people. However, it is hard to find more than a dozen Kia Shuma on the local car market at the same time. That's why the supply is low and the demand depends on a multitude of parameters for example brand reputation, fuel mileage, and used car pricing.
As described in the figure below, cars of the make Kia and specially of their model Shuma depreciate in a very conventional manner. The mean price of the Shuma will be lowered by 13% ($25,454) after only 1 year. After 3 years, the car usually costs only 63% of its original asking price ($19,000) while it will only be priced at 30% of the MSRP after 7 years ($8,288). The Shuma's value after twelve years is only 13% of its first price depending on its condition of course.
Another way to analyze car depreciation is to look at the decrease of value vs mileage. The Kia Shuma depreciation curve below shows this phenomenon for the city of Mumbai. The Shuma looses most of its resell price (ca 46%) within the first 20,000miles (30,000km) of its mileage. The typical price for a Shuma at that usage level is ca $16,289. After that the devaluation slows down: at 90k kilometers the Kia Shuma is priced for $10,130 in Mumbai and for $4,740 at 180,000km driven.
The last factor 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 Kia Shuma according to its year and its condition.
|Vehicle Year||Kia Shuma Condition|
|Kia Shuma variations:|
|SHUMA 1600 5P BVA|
|SHUMA 1800 5P BVA|
|SHUMA 5P BVA|
|SHUMA 5P 1600 BVA|
|SHUMA 5P 1600|
|SHUMA 1600 5P|
|SHUMA 1800 5P|