Gonow 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 Gonow cars have remained constant in the last 6 months. The average price in October was of ₦ 407,857. This price hardly went through any changes and remained at ₦ 391,333 during November. The average selling price has remained fairly constant during the following two months, going from ₦ 399,595 to ₦ 413,331. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 406,463 to ₦ 398,556 during February and March.
The average price for Gonow has had a strong rise in recent years. Between 2005 y 2008, the average price is ₦ 408,541.5. There was a price inflation going from (₦ 337,500) to (₦ 383,333). During the next two years (2009, 2010) the price for the aforementioned model has gone up strongly a 17 %. During the last two years, prices in the car industry have experienced a depreciation of -8 % 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 (₦ 440,833.25) and the the last two years analyzed (2011, 2013) with a price of ₦ 405,000.
The graph that displays the price for Gonow 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 5 % more affordable than the average price (₦ 391,250). Next with a price of ₦ 412,500 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 106% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 425,000.