Lexus LS in Shanghai

Lexus LS for sale in Shanghai (China)

Are you currently in the market to buy (or sell) a Lexus LS in Shanghai? Vehiclus analyzed the used car market of all metropolitan areas in China to establish a pricing profile of various Lexus models depending on their age, technical condition, optical condition, and mileage. To maximize your profits when selling your LS (or to make sure to not be overcharged when purchasing a Lexus LS) it is a good idea to learn most price-determining variables.

Supply and Demand of Lexus LS on the local car market

Shanghai is a metropolitan area with a population of 22315474 people. However, there are usually not many Lexus LS available on the market. Hence, the supply is little and the demand depends on a multitude of factors such as maintenance costs, brand popularity, and reliability.

Price Devaluation Curve of the LS in Shanghai

As described in the figure below, cars of the manufacturer Lexus and especially of the model LS depreciate in a very conventional manner. The average asking price of the LS will be decreased by 13% ($26,109) after just 1 year. After three years, the car typically goes for only 63% of its initial selling price ($18,912) while it will only be priced at 29% of the MSRP after 7 years ($7,963). The LS's value after twelve years is only 13% of its original price depending on its condition of course.


Depreciation according to mileage

Another way to analyze car depreciation is to study the decrease of value vs miles driven. The Lexus LS depreciation curve below describes this phenomenon for Shanghai. The LS looses most of its value (ca 46%) within the first 30k km of its mileage. The average price for a LS at that mileage is approximately $16,875. After that the depreciation slows down: at 90k km the Lexus LS is valued for $9,977 in Shanghai and for $4,388 at 180k km of mileage.

Lexus LS price depending on condition (fair, good, excellent)

The last parameter that heavily impacts the sell price of a used car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Lexus LS according to its year and its condition.

Vehicle Year Lexus LS Condition
fair good excellent
2017$23,737$26,643$29,550
2016$20,874$23,430$25,986
2015$18,214$20,445$22,675
2014$15,758$17,687$19,617
2013$13,504$15,158$16,812
2012$11,454$12,856$14,259
2011$9,606$10,782$11,959
2010$7,962$8,937$9,912
2009$6,520$7,319$8,117
2008$5,282$5,928$6,575
2007$4,246$4,766$5,286
2006$3,414$3,832$4,250
2005$2,784$3,126$3,467
2004$2,358$2,647$2,936
2003$2,135$2,396$2,658
2002$2,115$2,374$2,633

Enter vehicle make, model and city of interest:


Skoda
Superb
starting at
$10,709
in Battagram (PK)
Audi
S6
starting at
$26,348
in Aden (YE)
Kia
Shuma
starting at
$9,756
in Phitsanulok (TH)
Lexus LS variations:
LS 600h V8 5.0L hybride
LS 460 V8 4.6L