Chevrolet Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for Chevrolet cars have remained constant in the last 6 months. The average price in July was of ₦ 8,365,000. This price hardly went through any changes and remained at ₦ 8,394,375 during August. The average selling price has remained fairly constant during the following two months, going from ₦ 8,379,687.5 to ₦ 8,174,671.5. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 8,277,179.5 to ₦ 8,315,478.5 during November and December.
The average price for Chevrolet has had a strong rise in recent years. Between 2000 and 2014, the average price is ₦ 2,218,725.5. There was a significant inflation of the average price in 2000 (₦ 1,156,667) moving up till (₦ 5,858,176)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 411 %. During the last two years, prices in the car industry have experienced a depreciation of -5 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₦ 10,775,362) and the the last two years analyzed (2017, 2018) with a price of ₦ 10,223,286.
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 85 % more affordable than the average price (₦ 7,782,288). Next with a price of ₦ 1,753,571 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 40% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 5,887,500.