Renault Espace for sale in Shanghai (China)

Are you looking to buy (or sell) a Renault Espace in Shanghai? Vehiclus analyzed the used car market of all towns in China to establish a pricing profile of various Renault models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your Espace (or to make sure to not be ripped off when purchasing a Renault Espace) it is useful to know all price-establishing variables.

Supply and Demand of Renault Espace on the local vehicle market

Shanghai is a metropolitan area with a population of 22315474 inhabitants. However, it is hard to find more than five Renault Espace on the car market there. Therefore, the supply is small and the demand depends on various of parameters e.g. brand reputation, brand popularity, and used car pricing.

Price Devaluation Curve of the Espace in Shanghai

As illustrated in the figure below, cars of the manufacturer Renault and specially of the model Espace loose their value in a very conventional way. The mean price of the Espace will be decreased by up to 13% ($28,351) after only one year. After three years, the car usually costs only 61% of its original selling price ($20,522) while it will only be valued at 32% of the original price after 7 years ($8,764). The Espace's value after 12 years is only 13% of its first price depending on its condition of course.

Depreciation according to vehicle mileage

One more way to quantify vehicle depreciation is to look at the decrease of value vs miles driven. The Renault Espace depreciation curve below describes this phenomenon for Shanghai. The Espace looses most of its resell price (~ 50%) within the first 30,000km of its mileage. The mean price for a Espace at that mileage is $18,231. After that the depreciation plateaus: at 90,000km the Renault Espace is sold for $10,728 in Shanghai and for $4,847 at 180,000km of mileage.

Renault Espace price depending on condition (fair, good, excellent)

The last factor that significantly determines the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Renault Espace according to its year and its condition.

Vehicle Year	Renault Espace Condition
	fair	good	excellent
2017	$30,895	$31,641	$32,387
2016	$27,169	$27,825	$28,481
2015	$23,708	$24,280	$24,852
2014	$20,510	$21,005	$21,500
2013	$17,577	$18,001	$18,425
2012	$14,908	$15,268	$15,628
2011	$12,503	$12,805	$13,107
2010	$10,363	$10,613	$10,863
2009	$8,487	$8,691	$8,896
2008	$6,875	$7,041	$7,206
2007	$5,527	$5,660	$5,794
2006	$4,444	$4,551	$4,658
2005	$3,624	$3,712	$3,799
2004	$3,069	$3,144	$3,218
2003	$2,779	$2,846	$2,913
2002	$2,752	$2,819	$2,885