Jeep Cherokee for sale in Shanghai (China)

Are you in the market to buy (or sell) a Jeep Cherokee in Shanghai? Vehiclus surveyed the local used auto market of all towns in China to determine a pricing profile of various Jeep models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your profits when selling your Cherokee (or to be certain to not be ripped off when buying a Jeep Cherokee) it is recommended to understand most value-determining factors.

Supply and Demand of Jeep Cherokee on the local vehicle market

Shanghai is a city with a current population of 22315474 people. Nevertheless, it is hard to find more than five Jeep Cherokee on the local car market at the same time. Hence, the supply is low and the demand depends on a multitude of factors e.g. maintenance costs, brand popularity, and brand competetivness.

Price Devaluation Curve of the Cherokee in Shanghai

As shown below, cars of the manufacturer Jeep and specially of their model Cherokee loose their value in a very average process. The mean price of the Cherokee will be decreased by up to 13% ($30,576) after only one year. After three years, the car typically goes for only 63% of its original asking price ($21,869) while it will only be priced at 28% of the MSRP after 7 years ($9,686). The Cherokee's value after twelve years is only 10% of its first price depending on its condition of course.

Depreciation according to vehicle mileage

Another way to analyze vehicle depreciation is to look at the loss of value over miles driven. The Jeep Cherokee depreciation curve below shows this phenomenon for the city of Shanghai. The Cherokee looses most of its value (~ 50%) within the first 30k kilometers driven. The average price for a Cherokee at that usage level is approximately $19,526. After that the depreciation slows down: at 90k km the Jeep Cherokee is priced for $11,175 in Shanghai and for $5,409 at 180,000km of mileage.

Jeep Cherokee price depending on condition (fair, good, excellent)

The last factor that heavily effects the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Jeep Cherokee according to its year and its condition.

Vehicle Year	Jeep Cherokee Condition
	fair	good	excellent
2017	$22,434	$28,899	$35,363
2016	$19,729	$25,413	$31,098
2015	$17,215	$22,175	$27,136
2014	$14,893	$19,185	$23,476
2013	$12,763	$16,441	$20,119
2012	$10,825	$13,944	$17,064
2011	$9,079	$11,695	$14,311
2010	$7,525	$9,693	$11,861
2009	$6,162	$7,938	$9,714
2008	$4,992	$6,430	$7,869
2007	$4,013	$5,170	$6,326
2006	$3,227	$4,156	$5,086
2005	$2,632	$3,390	$4,149
2004	$2,229	$2,871	$3,513
2003	$2,018	$2,599	$3,181
2002	$1,999	$2,575	$3,151