Mitsubishi Grandis in Sinhyeon

Mitsubishi Grandis for sale in Sinhyeon (South Korea)

Are you in the market to buy (or sell) a Mitsubishi Grandis in Sinhyeon? Vehiclus studied the used automotive market of all towns in South Korea to establish a pricing profile of various Mitsubishi models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your Grandis (or to be certain to not be overcharged when purchasing a Mitsubishi Grandis) it is a good idea to know most price-determining variables.

Supply and Demand of Mitsubishi Grandis on the local auto market

Sinhyeon is a metropolitan area with 82560 inhabitants. However, there are usually not many Mitsubishi Grandis on the market. Hence, the supply is little and the demand depends on various of parameters such as season, brand popularity, and used car pricing.

Price Devaluation Curve of the Grandis in Sinhyeon

As seen below, cars of the make Mitsubishi and especially of the model Grandis devaluate in a very predictable fashion. The average selling price of the Grandis will be decreased by up to 13% ($29,974) after just 1 year. After 3 years, the car usually is sold for about 64% of its original asking price ($21,812) while it will only be worth 31% of the original price after 7 years ($9,886). The Grandis's value after 12 years is only 11% of its initial price depending on its condition of course.


Depreciation according to vehicle mileage

One more way to describe vehicle depreciation is to look at the decrease of value vs mileage. The Mitsubishi Grandis depreciation curve below describes this phenomenon for the city of Sinhyeon. The Grandis looses most of its value (approximately 45%) within the first 30k km of its mileage. The average price for a Grandis at that mileage is ca $19,259. After that the depreciation plateaus: at 90,000km the Mitsubishi Grandis is sold for $11,443 in Sinhyeon and for $5,738 at 180,000km .

Mitsubishi Grandis price depending on condition (fair, good, excellent)

The last parameter that significantly influences the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Mitsubishi Grandis according to its year and its condition.

Vehicle Year Mitsubishi Grandis Condition
fair good excellent
2017$31,412$32,852$34,291
2016$27,624$28,890$30,156
2015$24,104$25,209$26,314
2014$20,853$21,809$22,765
2013$17,871$18,690$19,509
2012$15,157$15,852$16,547
2011$12,712$13,295$13,878
2010$10,536$11,019$11,502
2009$8,629$9,024$9,419
2008$6,990$7,310$7,630
2007$5,619$5,877$6,135
2006$4,518$4,725$4,932
2005$3,685$3,854$4,023
2004$3,121$3,264$3,407
2003$2,825$2,955$3,084
2002$2,798$2,927$3,055

Enter vehicle make, model and city of interest:


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Mitsubishi Grandis variations:
GRANDIS 7PL 2.0L DI-D
GRANDIS 2.0 DI-D
GRANDIS 6PL 2.0L DI-D
GRANDIS 2.0DI-D
GRANDIS 2.4
GRANDIS 2.4 AT