Fiat Idea for sale in Shanghai (China)

Are you looking to buy (or sell) a Fiat Idea in Shanghai? Vehiclus studied the local used car market of all metropolitan areas in China to determine a pricing profile of various Fiat models depending on their age, technical condition, optical condition, and mileage. To optimize your earnings when selling your Idea (or to make sure to not be ripped off when purchasing a Fiat Idea) it is of value to understand most price-determining variables.

Supply and Demand of Fiat Idea on the local vehicle market

Shanghai is a town with currently 22315474 inhabitants. However, it is hard to find more than three Fiat Idea on the market . Therefore, the supply is little and the demand depends on a multitude of factors e.g. maintenance costs, brand popularity, and brand competetivness.

Price Devaluation Curve of the Idea in Shanghai

As seen below, cars of the manufacturer Fiat and specially of their model Idea devaluate in a very customary fashion. The average value of the Idea will be lowered by up to 14% ($12,769) after just one year. After three years, the car typically is sold for about 63% of its original asking price ($8,977) while it will only be priced at 31% of the original price after 7 years ($4,415). The Idea's value after twelve years is only 10% of its initial price depending on its condition of course.

Depreciation according to mileage

Another way to quantify vehicle depreciation is to look at the decrease of value vs miles driven. The Fiat Idea depreciation curve below illustrates this phenomenon for the city of Shanghai. The Idea looses most of its resell price (~ 45%) within the first 20,000miles (30,000km) driven. The mean price for a Idea at that mileage is ca $8,254. After that the devaluation plateaus: at 90k kilometers the Fiat Idea is priced for $4,607 in Shanghai and for $2,667 at 180,000km .

Fiat Idea price depending on condition (fair, good, excellent)

The last parameter that significantly impacts the selling price of a used car is the technical and optical condition of the vehicle. The table below illustrates the deflation of a Fiat Idea according to its year and its condition.

Vehicle Year	Fiat Idea Condition
	fair	good	excellent
2017	$11,519	$12,984	$14,449
2016	$10,130	$11,418	$12,707
2015	$8,839	$9,964	$11,088
2014	$7,647	$8,620	$9,592
2013	$6,553	$7,387	$8,220
2012	$5,558	$6,265	$6,972
2011	$4,662	$5,255	$5,847
2010	$3,864	$4,355	$4,846
2009	$3,164	$3,566	$3,969
2008	$2,563	$2,889	$3,215
2007	$2,060	$2,323	$2,585
2006	$1,657	$1,867	$2,078
2005	$1,351	$1,523	$1,695
2004	$1,144	$1,290	$1,435
2003	$1,036	$1,168	$1,299
2002	$1,026	$1,157	$1,287