Are you currently looking to buy (or sell) a Cadillac SRX in Shanghai? Vehiclus studied the used auto market of all cities in China to determine a pricing profile of various Cadillac models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your SRX (or to be sure to not be overcharged when purchasing a Cadillac SRX) it is very recommended to understand all value-determining variables.
Shanghai is a metropolitan area with a population of 22315474 inhabitants. However, it is hard to find more than five Cadillac SRX on the used car market . Therefore, the supply is small and the demand depends on a multitude of factors e.g. car model reputation, brand popularity, and used car pricing.
As shown below, cars of the make Cadillac and specially of their model SRX loose their value in a very conventional fashion. The mean price of the SRX will be lowered by 14% ($25,737) after only 1 year. After 3 years, the car usually is valued at 60% of its original asking price ($18,741) while it will only be worth 31% of the MSRP after 7 years ($7,913). The SRX's value after 12 years is only 10% of its initial price depending on its condition of course.
One more way to describe car depreciation is to look at the loss of value over kilometers driven. The Cadillac SRX depreciation curve below shows this phenomenon for the city of Shanghai. The SRX looses most of its value (approximately 45%) within the first 30,000km driven. The mean price for a SRX at that usage level is ca $16,605. After that the depreciation plateaus: at 90k kilometers the Cadillac SRX is priced for $9,905 in Shanghai and for $4,379 at 180,000km of mileage.
The last parameter that significantly influences the price of a used car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Cadillac SRX according to its year and its condition.
|Vehicle Year||Cadillac SRX Condition|
|Cadillac SRX variations:|
|SRX 4.6L V8 BVA|
|SRX 3.6L V6 BVA AWD 7PL|
|SRX 3.6L V6 BVA|
|SRX 4.6L V8 BVA6|
|SRX 3.6L V6 BVA RWD 7PL|
|SRX 3.6L V6 BVA RWD|
|SRX 3.6L V6 BVA AWD|
|SRX 4.6L V8 BVA6 7PL|