Are you currently looking to buy (or sell) a Fiat Fiorino in Singapore? Vehiclus surveyed the used car market of all cities in Singapore to determine a pricing profile of various Fiat models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Fiorino (or to be sure to not be ripped off when purchasing a Fiat Fiorino) it is a good idea to know all price-establishing factors.
Singapore is a metropolitan area with a population of 3547809 people. However, it is hard to find more than a dozen Fiat Fiorino on the used car market there. That's why the supply is small and the demand depends on a multitude of parameters such as season, fuel mileage, and brand competetivness.
As pictured below, cars of the car manufacturer Fiat and specially of their model Fiorino loose their value in a very normal process. The mean value of the Fiorino will be decreased by 14% ($18,834) after only one year. After 3 years, the car usually is valued at 63% of its original asking price ($13,514) while it will only be worth 28% of the original price after 7 years ($6,110). The Fiorino's value after 12 years is only 10% of its initial price depending on its condition of course.
One more way to quantify car depreciation is to examine the loss of value over kilometers driven. The Fiat Fiorino depreciation curve below describes this phenomenon for the city of Singapore. The Fiorino looses most of its value (ca 50%) within the first 30k km driven. The mean price for a Fiorino at that usage level is approximately $12,149. After that the depreciation plateaus: at 90k kilometers the Fiat Fiorino is valued for $7,044 in Singapore and for $3,523 at 180,000km .
The last value that significantly impacts the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the deflation of a Fiat Fiorino according to its year and its condition.
|Vehicle Year||Fiat Fiorino Condition|
|Fiat Fiorino variations:|
|FIORINO 1.4 IE|
|FIORINO 1.3 JTD (75ch)|
|FIORINO 1.3 JTD 75cv|