Geely Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Geely cars have increased during the last 6 months. The average price in October was of ₦ 486,786. This price hardly went through any changes and remained at ₦ 467,027 during November. During the following two months (December, January) the average selling price experienced a noticeable rise, going up 23 % from ₦ 476,906.5 to ₦ 587,580.5. In the last two, the price has gone through a -11 % devaluation compared to the previous average values going down from ₦ 532,243.5 to ₦ 475,171 during February and March.
The average price for Geely has had a strong rise in recent years. Between 2002 and 2009, the average price is ₦ 440,033.19. There was a significant inflation of the average price in 2002 (₦ 383,333) moving up till (₦ 508,333)in 2009. During the next two years (2010, 2011) the price for the aforementioned model has gone up strongly a 20 %. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₦ 548,288.5 in 2012 and ₦ 566,666.5 during 2014.
The graph that displays the price for Geely 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 8 % more affordable than the average price (₦ 452,286). Next with a price of ₦ 420,000 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 83% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₦ 800,000.