Are you currently looking to buy (or sell) a Hyundai Azera in Shanghai? Vehiclus surveyed the used car market of all cities in China to determine a pricing profile of various Hyundai models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Azera (or to be sure to not be ripped off when purchasing a Hyundai Azera) it is a good idea to know all price-establishing factors.
Shanghai is a metropolitan area with a population of 22315474 people. However, it is hard to find more than a dozen Hyundai Azera 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.
As pictured below, cars of the car manufacturer Hyundai and specially of their model Azera loose their value in a very normal process. The mean value of the Azera 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 Azera's value after 12 years is only 10% of its initial price depending on its condition of course.
One more way to quantify car depreciation is to examine the loss of value over kilometers driven. The Hyundai Azera depreciation curve below describes this phenomenon for the city of Shanghai. The Azera looses most of its value (ca 50%) within the first 30k km driven. The mean price for a Azera at that usage level is approximately $12,149. After that the depreciation plateaus: at 90k kilometers the Hyundai Azera is valued for $7,044 in Shanghai and for $3,523 at 180,000km .
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 Hyundai Azera according to its year and its condition.
|Vehicle Year||Hyundai Azera Condition|
|Hyundai Azera variations:|
|AZERA 2.2 CRDi (155ch) PACK PREMIUM|