Are you in the market to buy (or sell) a Chevrolet Kalos in Shanghai? Vehiclus surveyed the local used auto market of all towns in China to determine a pricing profile of various Chevrolet models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your profits when selling your Kalos (or to be certain to not be ripped off when buying a Chevrolet Kalos) it is recommended to understand most value-determining factors.
Shanghai is a city with a current population of 22315474 people. Nevertheless, it is hard to find more than five Chevrolet Kalos on the local car market at the same time. Hence, the supply is low and the demand depends on a multitude of factors e.g. maintenance costs, brand popularity, and brand competetivness.
As shown below, cars of the manufacturer Chevrolet and specially of their model Kalos loose their value in a very average process. The mean price of the Kalos will be decreased by up to 13% ($30,576) after only one year. After three years, the car typically goes for only 63% of its original asking price ($21,869) while it will only be priced at 28% of the MSRP after 7 years ($9,686). The Kalos's value after twelve years is only 10% of its first price depending on its condition of course.
Another way to analyze vehicle depreciation is to look at the loss of value over miles driven. The Chevrolet Kalos depreciation curve below shows this phenomenon for the city of Shanghai. The Kalos looses most of its value (~ 50%) within the first 30k kilometers driven. The average price for a Kalos at that usage level is approximately $19,526. After that the depreciation slows down: at 90k km the Chevrolet Kalos is priced for $11,175 in Shanghai and for $5,409 at 180,000km of mileage.
The last factor that heavily effects the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Chevrolet Kalos according to its year and its condition.
|Vehicle Year||Chevrolet Kalos Condition|
|Chevrolet Kalos variations:|
|KALOS 1.2L SE / SE PACK|
|KALOS 1.4L SX|
|KALOS 1.2L 4PL|
|KALOS 1.4L SX BVA|