Volkswagen Golf for sale in Suleja (Nigeria)

Are you currently in the market to buy (or sell) a Volkswagen Golf in Suleja? Vehiclus analyzed the local used car market of all cities in Nigeria to establish a pricing profile of various Volkswagen models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your earnings when selling your Golf (or to be certain to not be overcharged when purchasing a Volkswagen Golf) it is useful to understand most value-determining factors.

Supply and Demand of Volkswagen Golf on the local vehicle market

Suleja is a town with a population of 162135 people. However, there are usually not many Volkswagen Golf available on the market. Therefore, the supply is low and the demand depends on a multitude of parameters such as car model reputation, brand popularity, and brand competetivness.

Price Devaluation Curve of the Golf in Suleja

As seen below, cars of the manufacturer Volkswagen and specially of the model Golf devaluate in a very standard process. The average asking price of the Golf will be decreased by up to 13% ($18,680) after just one year. After 3 years, the car typically goes for only 62% of its original selling price ($13,335) while it will only be worth 29% of the MSRP after 7 years ($6,222). The Golf's value after twelve years is only 10% of its original price depending on its condition of course.

Depreciation according to vehicle mileage

One more way to quantify vehicle depreciation is to look at the loss of value over miles driven. The Volkswagen Golf depreciation curve below illustrates this phenomenon for Suleja. The Golf looses most of its value (~ 46%) within the first 30,000km of its mileage. The mean price for a Golf at that mileage is ca $11,995. After that the depreciation plateaus: at 90,000km the Volkswagen Golf is valued for $6,866 in Suleja and for $3,635 at 180k kilometers of mileage.

Volkswagen Golf price depending on condition (fair, good, excellent)

The last parameter that heavily impacts the selling price of a used car is the technical and optical condition of the vehicle. The table below illustrates the deflation of a Volkswagen Golf according to its year and its condition.

Vehicle Year	Volkswagen Golf Condition
	fair	good	excellent
2017	$18,996	$20,194	$21,393
2016	$16,705	$17,759	$18,813
2015	$14,576	$15,496	$16,416
2014	$12,610	$13,406	$14,202
2013	$10,807	$11,489	$12,171
2012	$9,166	$9,744	$10,323
2011	$7,687	$8,173	$8,658
2010	$6,371	$6,773	$7,175
2009	$5,218	$5,547	$5,876
2008	$4,227	$4,493	$4,760
2007	$3,398	$3,613	$3,827
2006	$2,732	$2,904	$3,077
2005	$2,228	$2,369	$2,510
2004	$1,887	$2,006	$2,125
2003	$1,708	$1,816	$1,924
2002	$1,692	$1,799	$1,906