Ferrari 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 Ferrari cars have remained constant in the last 6 months. The average price in October was of ₦ 427,945. This price hardly went through any changes and remained at ₦ 429,348 during November. The average selling price has remained fairly constant during the following two months, going from ₦ 428,646.5 to ₦ 439,891.5. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 434,269 to ₦ 438,372 during February and March.
The average price for Ferrari has had a strong rise in recent years. Between 2004 and 2010, the average price is ₦ 502,074.84. There was a significant inflation of the average price in 2004 (₦ 366,667) moving up till (₦ 466,667)in 2010. Cars belonging to the model aforementioned had a price deflation of -12 percent in the next two years (2011, 2012) compared to the previous two years. During the last two years, prices in the car industry have experienced a depreciation of -6 % 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 (₦ 418,020.75) and the the last two years analyzed (2013, 2014) with a price of ₦ 395,000.
The graph that displays the price for Ferrari 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 11 % more affordable than the average price (₦ 436,744). Next with a price of ₦ 411,111 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 34% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 487,500.