Honda Insight in Shanghai

Honda Insight for sale in Shanghai (China)

Are you currently looking to buy (or sell) a Honda Insight in Shanghai? Vehiclus surveyed the used car market of all cities in China to determine a pricing profile of various Honda models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Insight (or to be sure to not be ripped off when purchasing a Honda Insight) it is a good idea to know all price-establishing factors.

Supply and Demand of Honda Insight on the local car market

Shanghai is a metropolitan area with a population of 22315474 people. However, it is hard to find more than a dozen Honda Insight on the used car market there. That's why the supply is small and the demand depends on a multitude of parameters such as season, fuel mileage, and brand competetivness.

Price Devaluation Curve of the Insight in Shanghai

As pictured below, cars of the car manufacturer Honda and specially of their model Insight loose their value in a very normal process. The mean value of the Insight will be decreased by 14% ($18,834) after only one year. After 3 years, the car usually is valued at 63% of its original asking price ($13,514) while it will only be worth 28% of the original price after 7 years ($6,110). The Insight's value after 12 years is only 10% of its initial price depending on its condition of course.


Depreciation according to vehicle mileage

One more way to quantify car depreciation is to examine the loss of value over kilometers driven. The Honda Insight depreciation curve below describes this phenomenon for the city of Shanghai. The Insight looses most of its value (ca 50%) within the first 30k km driven. The mean price for a Insight at that usage level is approximately $12,149. After that the depreciation plateaus: at 90k kilometers the Honda Insight is valued for $7,044 in Shanghai and for $3,523 at 180,000km .

Honda Insight price depending on condition (fair, good, excellent)

The last value that significantly impacts the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the deflation of a Honda Insight according to its year and its condition.

Vehicle Year Honda Insight Condition
fair good excellent
2017$19,219$20,307$21,394
2016$16,901$17,858$18,814
2015$14,748$15,582$16,417
2014$12,759$13,481$14,203
2013$10,934$11,553$12,171
2012$9,274$9,798$10,323
2011$7,778$8,218$8,658
2010$6,446$6,811$7,176
2009$5,279$5,578$5,877
2008$4,276$4,518$4,760
2007$3,438$3,633$3,827
2006$2,764$2,920$3,077
2005$2,254$2,382$2,510
2004$1,909$2,017$2,125
2003$1,728$1,826$1,924
2002$1,712$1,809$1,906

Enter vehicle make, model and city of interest:


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Avenger
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BMW
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Opel
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Honda Insight variations:
INSIGHT 1.3 i-VTEC Executive
INSIGHT 1.3 i-VTEC Elegance