Are you looking to buy (or sell) a Daihatsu Copen in Singapore? Vehiclus analyzed the local used car market of all metropolitan areas in Singapore to establish a pricing profile of various Daihatsu models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your Copen (or to be certain to not be ripped off when buying a Daihatsu Copen) it is of value to understand all price-establishing factors.
Singapore is a city with a current population of 3547809 inhabitants. However, there are not many Daihatsu Copen on the market. Hence, the supply is little and the demand depends on various of parameters e.g. car model reputation, fuel mileage, and used car pricing.
As described in the figure below, cars of the make Daihatsu and specially of their model Copen depreciate in a very standard process. The average selling price of the Copen will be lowered by up to 14% ($17,021) after just one year. After 3 years, the car usually is sold for approximately 62% of its initial selling price ($12,596) while it will only be worth 28% of the original price after 7 years ($5,916). The Copen's value after twelve years is only 12% of its initial price depending on its condition of course.
Another way to analyze car depreciation is to look at the loss of value vs kilometers driven. The Daihatsu Copen depreciation curve below shows this phenomenon for Singapore. The Copen looses most of its resell price (approximately 47%) within the first 20,000miles (30,000km) of its mileage. The mean price for a Copen at that mileage is ca $10,887. After that the devaluation slows down: at 90,000km the Daihatsu Copen is valued for $6,659 in Singapore and for $3,542 at 180k km .
The last factor that significantly effects the sell price of a used car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Daihatsu Copen according to its year and its condition.
|Vehicle Year||Daihatsu Copen Condition|
|Daihatsu Copen variations:|