Lexus LX 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 Lexus LX cars has had a strong depreciation during the last 6 months we have studied. The average price in October was of ₦ 5,712,034. This price hardly went through any changes and remained at ₦ 5,489,756 during November. The following two months the selling price went through a strong reduction of -47 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -89 % compared to the 4 previous average values going down from ₦ 4,271,673.5 to ₦ 462,584.
The average price for Lexus LX has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2008 to 2013, the average price was ₦ 487,500. Please take note of of the significant depreciation in the prices between 2008 (₦ 600,000) and 2013 (₦ 412,500).
The graph that displays the price for Lexus LX 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 5 % more affordable than the average price (₦ 419,286). Next with a price of ₦ 450,000 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 19% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 450,000.