Kia Venga in Mumbai

Kia Venga for sale in Mumbai (India)

Are you currently looking to buy (or sell) a Kia Venga in Mumbai? Vehiclus studied the local used car 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 profits when selling your Venga (or to make sure to not be overcharged when purchasing a Kia Venga) it is of value to learn most price-establishing variables.

Supply and Demand of Kia Venga on the local car market

Mumbai is a metropolitan area with a population of 12691836 people. Nevertheless, there are not many Kia Venga available on the market. Hence, the supply is not high and the demand depends on a multitude of parameters for example season, brand popularity, and brand competetivness.

Price Devaluation Curve of the Venga in Mumbai

As shown below, cars of the make Kia and especially of their model Venga depreciate in a very normal process. The mean price of the Venga will be lowered by 13% ($14,418) after just 1 year. After 3 years, the car typically goes for only 63% of its initial asking price ($10,384) while it will only be priced at 28% of the MSRP after 7 years ($4,548). The Venga's value after 12 years is only 11% of its initial price depending on its condition of course.


Depreciation according to mileage

One more way to quantify vehicle depreciation is to study the loss of value vs miles driven. The Kia Venga depreciation curve below illustrates this phenomenon for the city of Mumbai. The Venga looses most of its resell price (~ 45%) within the first 20,000miles (30,000km) of its mileage. The average price for a Venga at that mileage is $9,288. After that the devaluation slows down: at 90,000km the Kia Venga is sold for $5,420 in Mumbai and for $2,563 at 180k kilometers of mileage.

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

The last parameter that significantly impacts the sell price of a used car is the technical and optical condition of the vehicle. The table below shows the deflation of a Kia Venga according to its year and its condition.

Vehicle Year Kia Venga Condition
fair good excellent
2017$15,782$16,099$16,417
2016$13,878$14,158$14,437
2015$12,110$12,354$12,597
2014$10,477$10,688$10,898
2013$8,978$9,159$9,340
2012$7,615$7,768$7,921
2011$6,387$6,515$6,644
2010$5,293$5,400$5,506
2009$4,335$4,422$4,509
2008$3,511$3,582$3,653
2007$2,823$2,880$2,937
2006$2,270$2,315$2,361
2005$1,851$1,888$1,926
2004$1,568$1,599$1,631
2003$1,419$1,448$1,476
2002$1,406$1,434$1,462

Enter vehicle make, model and city of interest:


Renault
Fluence
starting at
$7,145
in Bhubaneshwar (IN)
Fiat
Stilo
starting at
$3,816
in Amol (IR)
Volvo
S80
starting at
$16,052
in Bongaigaon (IN)
Kia Venga variations:
VENGA 1.4 CRDi ISG
VENGA 1.4
VENGA 1.4 CRDi
VENGA 1.4 ISG
VENGA 1.6 BVA