Daewoo Rezzo for sale in Shanghai (China)

Are you currently in the market to buy (or sell) a Daewoo Rezzo in Shanghai? Vehiclus surveyed the used car market of all metropolitan areas in China to establish a pricing profile of various Daewoo models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Rezzo (or to be certain to not be ripped off when purchasing a Daewoo Rezzo) it is a good idea to learn all value-determining factors.

Supply and Demand of Daewoo Rezzo on the local auto market

Shanghai is a town with 22315474 inhabitants. However, it is hard to find more than three Daewoo Rezzo on the used car market at the same time. That's why the supply is low and the demand depends on various of factors e.g. maintenance costs, fuel mileage, and brand competetivness.

Price Devaluation Curve of the Rezzo in Shanghai

As illustrated in the figure below, cars of the manufacturer Daewoo and especially of their model Rezzo depreciate in a very predictable way. The average asking price of the Rezzo will be decreased by 14% ($14,136) after only 1 year. After three years, the car usually goes for only 63% of its original asking price ($10,113) while it will only be priced at 27% of the original price after 7 years ($4,601). The Rezzo's value after 12 years is only 10% of its first price depending on its condition of course.

Depreciation according to mileage

Another way to describe vehicle depreciation is to look at the loss of value over mileage. The Daewoo Rezzo depreciation curve below describes this phenomenon for the city of Shanghai. The Rezzo looses most of its resell price (ca 45%) within the first 30k km driven. The mean price for a Rezzo at that mileage is approximately $9,034. After that the devaluation slows down: at 90,000km the Daewoo Rezzo is valued for $5,176 in Shanghai and for $2,627 at 180,000km driven.

Daewoo Rezzo price depending on condition (fair, good, excellent)

The last parameter that significantly influences the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the deflation of a Daewoo Rezzo according to its year and its condition.

Vehicle Year	Daewoo Rezzo Condition
	fair	good	excellent
2017	$10,957	$13,641	$16,326
2016	$9,635	$11,996	$14,357
2015	$8,408	$10,467	$12,527
2014	$7,274	$9,056	$10,838
2013	$6,233	$7,761	$9,288
2012	$5,287	$6,582	$7,877
2011	$4,434	$5,520	$6,607
2010	$3,675	$4,575	$5,476
2009	$3,009	$3,747	$4,484
2008	$2,438	$3,035	$3,632
2007	$1,960	$2,440	$2,920
2006	$1,576	$1,962	$2,348
2005	$1,285	$1,600	$1,915
2004	$1,088	$1,355	$1,622
2003	$985	$1,227	$1,468
2002	$976	$1,215	$1,454