Hyundai Matrix for sale in Shanghai (China)

Are you looking to buy (or sell) a Hyundai Matrix in Shanghai? Vehiclus studied the local used auto market of all metropolitan areas in China to establish a pricing profile of various Hyundai models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your profits when selling your Matrix (or to be certain to not be ripped off when purchasing a Hyundai Matrix) it is of value to understand all price-determining variables.

Supply and Demand of Hyundai Matrix on the local auto market

Shanghai is a city with 22315474 inhabitants. However, it is hard to find more than five Hyundai Matrix on the car market . Therefore, the supply is small and the demand depends on a multitude of parameters e.g. brand reputation, fuel mileage, and used car pricing.

Price Devaluation Curve of the Matrix in Shanghai

As seen below, cars of the car manufacturer Hyundai and specially of the model Matrix devaluate in a very conventional manner. The average value of the Matrix will be decreased by up to 14% ($17,119) after just one year. After three years, the car typically costs only 60% of its original asking price ($12,286) while it will only be worth 30% of the MSRP after 7 years ($5,821). The Matrix's value after 12 years is only 12% of its original price depending on its condition of course.

Depreciation according to vehicle mileage

Another way to quantify car depreciation is to study the decrease of value over miles driven. The Hyundai Matrix depreciation curve below illustrates this phenomenon for Shanghai. The Matrix looses most of its resell price (approximately 46%) within the first 20,000miles (30,000km) driven. The typical price for a Matrix at that mileage is approximately $10,985. After that the depreciation plateaus: at 90,000km the Hyundai Matrix is priced for $6,350 in Shanghai and for $3,447 at 180,000km driven.

Hyundai Matrix price depending on condition (fair, good, excellent)

The last value that significantly effects the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Hyundai Matrix according to its year and its condition.

Vehicle Year	Hyundai Matrix Condition
	fair	good	excellent
2017	$16,826	$18,228	$19,629
2016	$14,797	$16,029	$17,262
2015	$12,912	$13,987	$15,062
2014	$11,170	$12,101	$13,031
2013	$9,573	$10,370	$11,167
2012	$8,119	$8,795	$9,472
2011	$6,809	$7,377	$7,944
2010	$5,644	$6,114	$6,584
2009	$4,622	$5,007	$5,392
2008	$3,744	$4,056	$4,368
2007	$3,010	$3,261	$3,511
2006	$2,420	$2,621	$2,823
2005	$1,974	$2,138	$2,303
2004	$1,671	$1,811	$1,950
2003	$1,513	$1,639	$1,765
2002	$1,499	$1,624	$1,749