Are you looking to buy (or sell) a Kia Shuma in Singapore? Vehiclus analyzed the used automotive market of all cities in Singapore to establish a pricing profile of various Kia models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your Shuma (or to make sure to not be overcharged when buying a Kia Shuma) it is of value to understand all price-determining factors.
Singapore is a metropolitan area with a current population of 3547809 people. However, it is hard to find more than a dozen Kia Shuma on the local car market at the same time. That's why the supply is low and the demand depends on a multitude of parameters for example brand reputation, fuel mileage, and used car pricing.
As described in the figure below, cars of the make Kia and specially of their model Shuma depreciate in a very conventional manner. The mean value of the Shuma will be decreased by up to 13% ($25,454) after just 1 year. After 3 years, the car usually goes for only 63% of its original asking price ($19,000) while it will only be priced at 32% of the original price after 7 years ($8,288). The Shuma's value after 12 years is only 11% of its initial price depending on its condition of course.
Another way to describe car depreciation is to look at the loss of value over kilometers driven. The Kia Shuma depreciation curve below describes this phenomenon for Singapore. The Shuma looses most of its value (~ 47%) within the first 30,000km driven. The typical price for a Shuma at that mileage is ca $16,289. After that the devaluation slows down: at 90,000km the Kia Shuma is priced for $10,130 in Singapore and for $4,740 at 180k kilometers .
The last factor that heavily influences the price of a used car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Kia Shuma according to its year and its condition.
|Vehicle Year||Kia Shuma Condition|
|Kia Shuma variations:|
|SHUMA 1800 5P|
|SHUMA 1600 5P BVA|
|SHUMA 1600 5P|
|SHUMA 5P BVA|
|SHUMA 1800 5P BVA|
|SHUMA 5P 1600 BVA|
|SHUMA 5P 1600|