Are you currently in the market to buy (or sell) a BMW X1 in Shanghai? Vehiclus analyzed the local used auto market of all cities in China to determine a pricing profile of various BMW models depending on their age, technical condition, optical condition, and mileage. To optimize your earnings when selling your X1 (or to be sure to not overpay when purchasing a BMW X1) it is useful to know most price-establishing variables.
Shanghai is a town with a current population of 22315474 inhabitants. Nevertheless, there are not many BMW X1 for sale on the market. Hence, the supply is low and the demand depends on a multitude of parameters such as season, fuel mileage, and brand competetivness.
As described in the figure below, cars of the manufacturer BMW and specially of their model X1 depreciate in a very standard fashion. The average asking price of the X1 will be lowered by up to 13% ($34,044) after just 1 year. After three years, the car typically is valued at 64% of its original selling price ($25,080) while it will only be worth 27% of the MSRP after 7 years ($10,930). The X1's value after twelve years is only 13% of its initial price depending on its condition of course.
Another way to describe car depreciation is to look at the loss of value vs miles driven. The BMW X1 depreciation curve below describes this phenomenon for the city of Shanghai. The X1 looses most of its resell price (approximately 47%) within the first 20,000miles (30,000km) of its mileage. The typical price for a X1 at that usage level is ca $22,061. After that the devaluation slows down: at 90k kilometers the BMW X1 is valued for $13,483 in Shanghai and for $6,291 at 180k km .
The last value that heavily determines the price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the devaluation of a BMW X1 according to its year and its condition.
|Vehicle Year||BMW X1 Condition|
|BMW X1 variations:|