Are you currently looking to buy (or sell) a Volkswagen CC in Shanghai? Vehiclus studied the used car market of all metropolitan areas in China to determine a pricing profile of various Volkswagen models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your CC (or to be sure to not be overcharged when purchasing a Volkswagen CC) it is of value to know all price-establishing variables.
Shanghai is a city with a population of 22315474 inhabitants. However, there are usually not many Volkswagen CC for sale on the market. That's why the supply is small and the demand depends on various of parameters e.g. brand reputation, brand popularity, and brand competetivness.
As shown below, cars of the make Volkswagen and specially of the model CC loose their value in a very average manner. The average price of the CC will be decreased by up to 14% ($18,789) after only one year. After 3 years, the car typically costs only 61% of its original asking price ($13,561) while it will only be worth 29% of the original price after 7 years ($6,261). The CC's value after 12 years is only 10% of its initial price depending on its condition of course.
One more way to analyze vehicle depreciation is to look at the loss of value vs miles driven. The Volkswagen CC depreciation curve below illustrates this phenomenon for the city of Shanghai. The CC looses most of its resell price (~ 47%) within the first 30k kilometers of its mileage. The average price for a CC at that mileage is approximately $12,110. After that the depreciation slows down: at 90k km the Volkswagen CC is sold for $7,098 in Shanghai and for $3,676 at 180,000km .
The last factor that heavily determines the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Volkswagen CC according to its year and its condition.
|Vehicle Year||Volkswagen CC Condition|
|Volkswagen CC variations:|