Price for BMW

BMW Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.

₦ 10,736,936.67
Average price Last 6 months
Price for BMW

The selling price for BMW cars has had a strong depreciation during the last 6 months we have studied. The average price in September was of ₦ 15,228,737. This price hardly went through any changes and remained at ₦ 15,226,862 during October. The following two months (November, December) the selling price went through a devaluation of -11 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -76 % compared to the 4 previous average values going down from ₦ 14,394,666 to ₦ 3,421,479.5.

Price per registration year

The average price for BMW has had a strong rise in recent years. During the first sample analyzed ("before 2000" - 2013), the average selling price stood at ₦ 620,771.19. During this time, the price for "before 2000" which was ₦ 595,000 decreased to ₦ 550,392 during 2013. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -18 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 93 % 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 (₦ 7,128,571.5) and the the last two years that have been analyzed (2018, 2020) with a price of ₦ 13,750,000.

Price per mileage

The graph that displays the price for BMW cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 88 % more affordable than the average price (₦ 3,462,203). Next with a price of ₦ 497,500 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 39% less expensive than the average market value followed by those cars with a mileage of "more than 200,000" priced at ₦ 1,936,630.

Charts data
Average price February
Number of BMW ads used
Num. of cars with registration year mentioned
Num. of cars with mileage mentioned
₦ 3,462,203
7,101
7,101
4,021
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Other BMW models
₦ 262,500
₦ 346,000
₦ 350,000
₦ 362,500
₦ 370,000
₦ 375,000
₦ 393,125
₦ 393,846
₦ 410,000
₦ 414,167
₦ 416,000
₦ 441,429
₦ 467,143
₦ 476,000
₦ 500,000
₦ 500,000
₦ 530,400
₦ 540,000
₦ 542,857
₦ 633,333
₦ 696,364
₦ 777,083
₦ 808,333
₦ 820,000
₦ 844,545
₦ 845,000
₦ 865,524
₦ 955,522
₦ 1,002,500
₦ 1,129,833
₦ 1,136,667
₦ 1,191,667
₦ 1,280,000
₦ 1,418,500
₦ 1,850,000
₦ 2,314,000
₦ 2,490,000