Are you currently in the market to buy (or sell) a Mazda Demio in Singapore? Vehiclus surveyed the local used auto market of all towns in Singapore to determine a pricing profile of various Mazda models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your Demio (or to be sure to not overpay when purchasing a Mazda Demio) it is of value to understand most price-determining factors.
Singapore is a town with 3547809 inhabitants. However, there are usually not many Mazda Demio for purchase on the market. That's why the supply is little and the demand depends on a multitude of factors for example maintenance costs, brand popularity, and used car pricing.
As seen below, cars of the make Mazda and especially of their model Demio loose their value in a very conventional process. The mean asking price of the Demio will be decreased by up to 13% ($21,945) after only one year. After three years, the car typically is sold for about 64% of its original asking price ($15,948) while it will only be worth 32% of the MSRP after 7 years ($7,006). The Demio's value after twelve years is only 12% of its initial price depending on its condition of course.
One more way to analyze car depreciation is to study the decrease of value over miles driven. The Mazda Demio depreciation curve below shows this phenomenon for the city of Singapore. The Demio looses most of its resell price (ca 46%) within the first 30k kilometers of its mileage. The average price for a Demio at that mileage is $14,054. After that the devaluation plateaus: at 90k kilometers the Mazda Demio is valued for $8,312 in Singapore and for $3,951 at 180k kilometers of mileage.
The last factor that significantly determines the selling price of a used car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Mazda Demio according to its year and its condition.
|Vehicle Year||Mazda Demio Condition|
|Mazda Demio variations:|