Are you currently in the market to buy (or sell) a Honda Fr-V in Zhu Cheng City? Vehiclus surveyed the local used automotive market of all metropolitan areas in China to establish a pricing profile of various Honda models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Fr-V (or to make sure to not overpay when buying a Honda Fr-V) it is of value to understand all price-establishing variables.
Zhu Cheng City is a town with a population of 1000000 . However, there are not many Honda Fr-V available on the market. Hence, the supply is low and the demand depends on various of factors e.g. car model reputation, brand popularity, and reliability.
As shown below, cars of the make Honda and specially of their model Fr-V loose their value in a very customary fashion. The average value of the Fr-V will be decreased by 14% ($26,460) after just one year. After 3 years, the car usually costs only 64% of its original selling price ($18,965) while it will only be priced at 31% of the original price after 7 years ($8,018). The Fr-V's value after 12 years is only 10% of its original price depending on its condition of course.
Another way to quantify car depreciation is to examine the decrease of value over mileage. The Honda Fr-V depreciation curve below illustrates this phenomenon for the city of Zhu Cheng City. The Fr-V looses most of its value (~ 50%) within the first 30k km driven. The mean price for a Fr-V at that usage level is $17,122. After that the devaluation plateaus: at 90,000km the Honda Fr-V is priced for $9,928 in Zhu Cheng City and for $4,403 at 180k km of mileage.
The last factor that heavily influences the price of a used car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Honda Fr-V according to its year and its condition.
|Vehicle Year||Honda Fr-V Condition|
|Honda Fr-V variations:|
|FR-V 1.8 AT|