Hyundai Satellite for sale in Shanghai (China)

Are you currently in the market to buy (or sell) a Hyundai Satellite in Shanghai? Vehiclus studied the used auto market of all cities in China to establish a pricing profile of various Hyundai models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your Satellite (or to make sure to not be ripped off when buying a Hyundai Satellite) it is of value to learn most value-determining factors.

Supply and Demand of Hyundai Satellite on the local car market

Shanghai is a town with 22315474 inhabitants. Nevertheless, it is hard to find more than a handful Hyundai Satellite on the market . Hence, the supply is little and the demand depends on various of factors for example maintenance costs, brand popularity, and brand competetivness.

Price Devaluation Curve of the Satellite in Shanghai

As pictured below, cars of the car manufacturer Hyundai and specially of the model Satellite depreciate in a very conventional manner. The average value of the Satellite will be lowered by 14% ($21,266) after just 1 year. After three years, the car typically is sold for about 64% of its original selling price ($15,412) while it will only be worth 27% of the MSRP after 7 years ($6,535). The Satellite's value after 12 years is only 11% of its initial price depending on its condition of course.

Depreciation according to mileage

Another way to describe vehicle depreciation is to study the decrease of value over miles driven. The Hyundai Satellite depreciation curve below describes this phenomenon for the city of Shanghai. The Satellite looses most of its value (approximately 46%) within the first 20,000miles (30,000km) driven. The average price for a Satellite at that mileage is $13,753. After that the depreciation plateaus: at 90k km the Hyundai Satellite is priced for $8,141 in Shanghai and for $3,627 at 180k km of mileage.

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

The last factor that heavily effects the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the deflation of a Hyundai Satellite according to its year and its condition.

Vehicle Year	Hyundai Satellite Condition
	fair	good	excellent
2017	$18,629	$21,336	$24,043
2016	$16,382	$18,763	$21,143
2015	$14,295	$16,372	$18,449
2014	$12,367	$14,164	$15,961
2013	$10,598	$12,138	$13,678
2012	$8,989	$10,295	$11,601
2011	$7,539	$8,634	$9,730
2010	$6,248	$7,156	$8,064
2009	$5,117	$5,861	$6,604
2008	$4,145	$4,747	$5,350
2007	$3,332	$3,817	$4,301
2006	$2,679	$3,069	$3,458
2005	$2,185	$2,503	$2,820
2004	$1,851	$2,120	$2,389
2003	$1,675	$1,919	$2,162
2002	$1,659	$1,901	$2,142