Lexus RX in Shanghai

Lexus RX for sale in Shanghai (China)

Are you currently looking to buy (or sell) a Lexus RX in Shanghai? Vehiclus studied the used automotive market of all cities 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 RX (or to be certain to not be overcharged when purchasing a Lexus RX) it is useful to understand all price-establishing factors.

Supply and Demand of Lexus RX on the local auto market

Shanghai is a town with 22315474 inhabitants. However, there are not many Lexus RX for sale on the market. Hence, the supply is small and the demand depends on a multitude of parameters e.g. season, mileage, and used car pricing.

Price Devaluation Curve of the RX in Shanghai

As seen below, cars of the make Lexus and especially of their model RX devaluate in a very average fashion. The mean asking price of the RX will be lowered by 13% ($22,363) after only 1 year. After three years, the car usually is valued at 61% of its original asking price ($16,200) while it will only be worth 31% of the original price after 7 years ($7,266). The RX's value after 12 years is only 12% of its initial price depending on its condition of course.


Depreciation according to mileage

One more way to quantify vehicle depreciation is to examine the decrease of value over kilometers driven. The Lexus RX depreciation curve below shows this phenomenon for Shanghai. The RX looses most of its value (~ 45%) within the first 30k kilometers driven. The average price for a RX at that usage level is approximately $14,412. After that the devaluation plateaus: at 90k kilometers the Lexus RX is sold for $8,506 in Shanghai and for $4,188 at 180k km of mileage.

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

The last parameter that heavily influences 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 RX according to its year and its condition.

Vehicle Year Lexus RX Condition
fair good excellent
2017$23,956$24,700$25,445
2016$21,067$21,721$22,376
2015$18,382$18,954$19,525
2014$15,903$16,397$16,892
2013$13,629$14,052$14,476
2012$11,559$11,919$12,278
2011$9,695$9,996$10,297
2010$8,035$8,285$8,535
2009$6,580$6,785$6,989
2008$5,330$5,496$5,662
2007$4,285$4,419$4,552
2006$3,445$3,552$3,660
2005$2,810$2,898$2,985
2004$2,380$2,454$2,528
2003$2,155$2,222$2,289
2002$2,134$2,200$2,267

Enter vehicle make, model and city of interest:


Daewoo
Matiz
starting at
$6,152
in Bacoor (PH)
Nissan
Almera
starting at
$6,529
in Joetsu (JP)
Jaguar
F-Type
starting at
$22,764
in eMbalenhle (ZA)
Lexus RX variations:
RX 400h BREAK V6 3.3L hybride
RX 400h break V6 3.3L hybride
RX 350 BREAK V6 3.5L
RX 350 break V6 3.5L