Mercedes GLK for sale in Shanghai (China)

Are you currently in the market to buy (or sell) a Mercedes GLK in Shanghai? Vehiclus analyzed the local used auto market of all cities in China to determine a pricing profile of various Mercedes models depending on their age, technical condition, optical condition, and mileage. To maximize your earnings when selling your GLK (or to make sure to not be ripped off when buying a Mercedes GLK) it is recommended to learn all price-establishing variables.

Supply and Demand of Mercedes GLK on the local vehicle market

Shanghai is a metropolitan area with a current population of 22315474 people. Nevertheless, it is hard to find more than a dozen Mercedes GLK on the car market at the same time. That's why the supply is small and the demand depends on a multitude of factors for example brand reputation, mileage, and used car pricing.

Price Devaluation Curve of the GLK in Shanghai

As shown below, cars of the make Mercedes and especially of the model GLK devaluate in a very predictable process. The average value of the GLK will be decreased by 14% ($60,988) after only one year. After 3 years, the car typically is valued at 64% of its original asking price ($43,129) while it will only be worth 28% of the original price after 7 years ($19,476). The GLK's value after twelve years is only 13% 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 mileage. The Mercedes GLK depreciation curve below illustrates this phenomenon for Shanghai. The GLK looses most of its resell price (ca 46%) within the first 30k kilometers driven. The average price for a GLK at that usage level is approximately $39,354. After that the depreciation slows down: at 90k km the Mercedes GLK is sold for $22,193 in Shanghai and for $11,102 at 180,000km .

Mercedes GLK price depending on condition (fair, good, excellent)

The last parameter that significantly determines the price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Mercedes GLK according to its year and its condition.

Vehicle Year	Mercedes GLK Condition
	fair	good	excellent
2017	$61,073	$65,154	$69,234
2016	$53,708	$57,296	$60,885
2015	$46,865	$49,996	$53,127
2014	$40,544	$43,253	$45,962
2013	$34,746	$37,067	$39,389
2012	$29,470	$31,439	$33,408
2011	$24,716	$26,368	$28,019
2010	$20,485	$21,854	$23,223
2009	$16,776	$17,897	$19,018
2008	$13,590	$14,498	$15,406
2007	$10,926	$11,656	$12,386
2006	$8,784	$9,371	$9,958
2005	$7,165	$7,644	$8,123
2004	$6,068	$6,474	$6,879
2003	$5,494	$5,861	$6,228
2002	$5,441	$5,805	$6,169