Are you in the market to buy (or sell) a Lancia Flavia in Mumbai? Vehiclus studied the used auto market of all cities in India to determine a pricing profile of various Lancia models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your Flavia (or to be sure to not overpay when purchasing a Lancia Flavia) it is of value to learn all price-establishing variables.
Mumbai is a town with a population of 12691836 people. Nevertheless, there are usually not many Lancia Flavia on the market. That's why the supply is small and the demand depends on a multitude of factors e.g. season, brand popularity, and brand competetivness.
As described in the figure below, cars of the make Lancia and specially of their model Flavia depreciate in a very usual manner. The average asking price of the Flavia will be lowered by up to 13% ($18,687) after only one year. After three years, the car usually is valued at 60% of its original selling price ($13,634) while it will only be worth 30% of the original price after 7 years ($5,509). The Flavia's value after 12 years is only 12% of its original price depending on its condition of course.
One more way to analyze car depreciation is to look at the loss of value over miles driven. The Lancia Flavia depreciation curve below shows this phenomenon for Mumbai. The Flavia looses most of its value (approximately 50%) within the first 20,000miles (30,000km) driven. The mean price for a Flavia at that mileage is ca $12,001. After that the devaluation slows down: at 90k km the Lancia Flavia is sold for $7,164 in Mumbai and for $2,921 at 180,000km driven.
The last value that significantly influences the price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Lancia Flavia according to its year and its condition.
|Vehicle Year||Lancia Flavia Condition|
|Lancia Flavia variations:|