Volkswagen Polo for sale in Shanghai (China)

Are you looking to buy (or sell) a Volkswagen Polo in Shanghai? Vehiclus analyzed the local used car market of all towns in China to establish a pricing profile of various Volkswagen models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your earnings when selling your Polo (or to make sure to not be overcharged when buying a Volkswagen Polo) it is of value to understand all price-establishing factors.

Supply and Demand of Volkswagen Polo 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 handful Volkswagen Polo on the local car market there. Hence, the supply is low and the demand depends on various of parameters e.g. brand reputation, fuel mileage, and used car pricing.

Price Devaluation Curve of the Polo in Shanghai

As pictured below, cars of the car manufacturer Volkswagen and specially of their model Polo depreciate in a very conventional way. The average asking price of the Polo will be lowered by 14% ($16,315) after only one year. After 3 years, the car typically goes for only 61% of its original selling price ($12,075) while it will only be worth 27% of the original price after 7 years ($5,151). The Polo's value after twelve years is only 10% of its first price depending on its condition of course.

Depreciation according to mileage

Another way to describe vehicle depreciation is to study the decrease of value vs miles driven. The Volkswagen Polo depreciation curve below illustrates this phenomenon for the city of Shanghai. The Polo looses most of its resell price (ca 47%) within the first 30k kilometers driven. The mean price for a Polo at that mileage is ca $10,502. After that the devaluation slows down: at 90,000km the Volkswagen Polo is sold for $6,449 in Shanghai and for $2,900 at 180,000km of mileage.

Volkswagen Polo price depending on condition (fair, good, excellent)

The last value that significantly determines the selling price of a used car is the technical and optical condition of the vehicle. The table below illustrates the deflation of a Volkswagen Polo according to its year and its condition.

Vehicle Year	Volkswagen Polo Condition
	fair	good	excellent
2017	$18,603	$18,604	$18,605
2016	$16,359	$16,360	$16,362
2015	$14,275	$14,276	$14,277
2014	$12,350	$12,350	$12,351
2013	$10,583	$10,584	$10,585
2012	$8,976	$8,977	$8,978
2011	$7,528	$7,529	$7,529
2010	$6,240	$6,240	$6,240
2009	$5,110	$5,110	$5,111
2008	$4,139	$4,140	$4,140
2007	$3,328	$3,328	$3,328
2006	$2,675	$2,676	$2,676
2005	$2,182	$2,182	$2,182
2004	$1,848	$1,848	$1,848
2003	$1,673	$1,673	$1,673
2002	$1,657	$1,657	$1,657