Lexus ES 350 Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Lexus ES 350 cars has fallen during the last 6 months we have analyzed. The average price in October was of ₦ 1,220,250. This price hardly went through any changes and remained at ₦ 1,179,583 during November. The average selling price has remained fairly constant during the following two months, going from ₦ 1,199,916.5 to ₦ 1,140,787. In the last two, the price has gone through a -7 % devaluation compared to the previous average values going down from ₦ 1,170,351.75 to ₦ 1,089,807.5 during February and March.
The average price for Lexus ES 350 has had a strong rise in recent years. Between 2006 and 2010, the average price is ₦ 1,386,858.62. There was a significant inflation of the average price in 2006 (₦ 837,500) moving up till (₦ 2,812,500)in 2010. During the next two years (2011, 2012) the price for the aforementioned model has gone up strongly a 28 %. During the last two years, the car industry has had a strong deflation in its selling prices of -24 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 1,429,494) and the the last two years (2013, 2014) with a price of ₦ 1,082,321.5.
The graph that displays the price for Lexus ES 350 cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 28 % more affordable than the average price (₦ 1,101,346). Next with a price of ₦ 1,100,000 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 98% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 1,970,000.