Renault Modus for sale in Mumbai (India)

Are you currently looking to buy (or sell) a Renault Modus in Mumbai? Vehiclus surveyed the local used car market of all towns in India to establish a pricing profile of various Renault models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your Modus (or to be certain to not be overcharged when purchasing a Renault Modus) it is very recommended to learn all price-establishing factors.

Supply and Demand of Renault Modus on the local car market

Mumbai is a town with a population of 12691836 . Nevertheless, there are usually not many Renault Modus available on the market. Therefore, the supply is little and the demand depends on various of parameters e.g. season, fuel mileage, and reliability.

Price Devaluation Curve of the Modus in Mumbai

As described in the figure below, cars of the make Renault and specially of their model Modus depreciate in a very usual process. The mean value of the Modus will be decreased by 13% ($21,471) after just one year. After 3 years, the car typically is valued at 62% of its original selling price ($15,639) while it will only be valued at 28% of the original price after 7 years ($7,160). The Modus's value after twelve years is only 10% of its initial price depending on its condition of course.

Depreciation according to mileage

One more way to quantify vehicle depreciation is to look at the loss of value vs miles driven. The Renault Modus depreciation curve below illustrates this phenomenon for Mumbai. The Modus looses most of its value (ca 45%) within the first 30k kilometers driven. The mean price for a Modus at that mileage is approximately $13,827. After that the devaluation plateaus: at 90k kilometers the Renault Modus is valued for $8,242 in Mumbai and for $4,201 at 180k kilometers .

Renault Modus price depending on condition (fair, good, excellent)

The last value that significantly impacts the sell price of a used car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Renault Modus according to its year and its condition.

Vehicle Year	Renault Modus Condition
	fair	good	excellent
2017	$23,882	$24,172	$24,463
2016	$21,002	$21,257	$21,512
2015	$18,326	$18,549	$18,771
2014	$15,854	$16,047	$16,240
2013	$13,587	$13,752	$13,917
2012	$11,524	$11,664	$11,804
2011	$9,665	$9,782	$9,900
2010	$8,010	$8,108	$8,205
2009	$6,560	$6,640	$6,720
2008	$5,314	$5,379	$5,443
2007	$4,272	$4,324	$4,376
2006	$3,435	$3,477	$3,518
2005	$2,802	$2,836	$2,870
2004	$2,373	$2,401	$2,430
2003	$2,148	$2,174	$2,200
2002	$2,128	$2,153	$2,179