Chevrolet Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Chevrolet cars have increased during the last 6 months. The average price for February is ₦ 6,380,625. During March there was a slight reduction in the selling prices dropping till ₦ 5,587,500. During the following two months (April, May) the average selling price experienced a noticeable rise, going up 19 % from ₦ 5,984,062.5 to ₦ 7,130,312.5. The average price has had spectacular rise of 24 % with an average price of ₦ 6,557,187.5 during the previous 4 months and ₦ 8,139,312.5 during the most recent months in June and July.
The average price for Chevrolet has had a strong rise in recent years. Between "before 2000" and 2013, the average price is ₦ 2,199,835.75. There was a significant inflation of the average price in "before 2000" (₦ 764,286) moving up till (₦ 5,152,941)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 340 %. During the last two years, prices in the car industry have gone through a strong rise of 16 % 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 (₦ 11,534,126) and the the last two years that have been analyzed (2016, 2017) with a price of ₦ 13,397,222.
The graph that displays the price for Chevrolet cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 84 % more affordable than the average price (₦ 8,365,000). Next with a price of ₦ 2,094,444 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 20% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₦ 4,913,636.