Honda Pilot 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 Pilot cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 9,115,126. During November there was a slight reduction in the selling prices dropping till ₦ 7,946,876. The following two months the selling price went through a strong reduction of -46 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -59 % compared to the 4 previous average values going down from ₦ 6,557,011 to ₦ 2,716,543.
The average price for Honda Pilot has gone down in recent years. Between 2003 y 2010, the average price is ₦ 1,508,237.12. There was a price inflation going from (₦ 1,516,136) to (₦ 1,687,037). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -52 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 31 % 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 (₦ 1,052,474) and the the last two years that have been analyzed (2013, 2014) with a price of ₦ 1,379,166.5.
The graph that displays the price for Honda Pilot cars according to their mileage shows that those cars within a mileage range of "10,000 - 25,000" are the ones with the lowest price. They are 77 % more affordable than the average price (₦ 2,750,580). Next with a price of ₦ 813,158 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "100,000 - 200,000". It is 14% less expensive than the average market value followed by those cars with a mileage of "more than 200,000" priced at ₦ 2,177,250.