Honda Odyssey Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.
The selling price for Honda Odyssey cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 3,832,875. During November the price went trough a strong deflation till ₦ 2,945,000. The following two months the selling price went through a strong reduction of -44 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -54 % compared to the 4 previous average values going down from ₦ 2,637,709.5 to ₦ 1,203,265.5.
The average price for Honda Odyssey has had a strong rise in recent years. During the first sample analyzed, going from 2000 to 2012, the average price was ₦ 922,241. Please take note of of the significant depreciation in the prices between 2000 (₦ 899,500) and 2012 (₦ 547,692). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -47 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 73 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₦ 1,818,028.75) and the the last two years that have been analyzed (2015, 2016) with a price of ₦ 3,150,000.
The graph that displays the price for Honda Odyssey cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 71 % more affordable than the average price (₦ 1,166,881). Next with a price of ₦ 405,556 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 115% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 1,743,250.