Are you currently looking to buy (or sell) a Chevrolet Epica in Ugep? Vehiclus surveyed the local used car market of all metropolitan areas in Nigeria to determine a pricing profile of various Chevrolet models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your Epica (or to be certain to not be ripped off when purchasing a Chevrolet Epica) it is useful to learn most price-determining factors.
Ugep is a metropolitan area with a population of 200276 . Nevertheless, there are not many Chevrolet Epica for purchase on the market. Hence, the supply is little and the demand depends on a multitude of parameters for example season, fuel mileage, and brand competetivness.
As illustrated in the figure below, cars of the make Chevrolet and especially of the model Epica devaluate in a very predictable fashion. The mean price of the Epica will be lowered by up to 13% ($23,978) after just 1 year. After 3 years, the car typically is valued at 64% of its original selling price ($16,646) while it will only be valued at 29% of the original price after 7 years ($7,788). The Epica's value after 12 years is only 10% of its first 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 Chevrolet Epica depreciation curve below describes this phenomenon for the city of Ugep. The Epica looses most of its resell price (approximately 45%) within the first 30,000km of its mileage. The mean price for a Epica at that mileage is $15,432. After that the devaluation plateaus: at 90,000km the Chevrolet Epica is valued for $8,376 in Ugep and for $4,480 at 180k km driven.
The last factor that significantly effects the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Chevrolet Epica according to its year and its condition.
| Vehicle Year | Chevrolet Epica Condition | ||
|---|---|---|---|
| fair | good | excellent | |
| 2017 | $27,244 | $27,296 | $27,347 |
| 2016 | $23,959 | $24,004 | $24,049 |
| 2015 | $20,906 | $20,945 | $20,985 |
| 2014 | $18,086 | $18,120 | $18,154 |
| 2013 | $15,500 | $15,529 | $15,558 |
| 2012 | $13,146 | $13,171 | $13,196 |
| 2011 | $11,026 | $11,046 | $11,067 |
| 2010 | $9,138 | $9,155 | $9,172 |
| 2009 | $7,484 | $7,498 | $7,512 |
| 2008 | $6,062 | $6,074 | $6,085 |
| 2007 | $4,874 | $4,883 | $4,892 |
| 2006 | $3,918 | $3,926 | $3,933 |
| 2005 | $3,196 | $3,202 | $3,208 |
| 2004 | $2,707 | $2,712 | $2,717 |
| 2003 | $2,450 | $2,455 | $2,460 |
| 2002 | $2,427 | $2,432 | $2,436 |
| Chevrolet Epica variations: |
|---|
| EPICA 2.0 VCDI BVM5 |
| EPICA 2.5L BVA5 |
| EPICA 2.5 BVA6 |
| EPICA 2.0 VCDI BVA6 |
| EPICA 2.0L VCDI BVM5 |
| EPICA 2.0L |
| EPICA 2.0L BVM5 |
| EPICA 2.0L VCDI BVA5 |
| EPICA 2.0L BVA5 |