Honda 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 Honda cars have remained constant in the last 6 months. In January the price for a car is ₦ 15,008,750 increasing till ₦ 16,251,250 in February. The average selling price has remained fairly constant during the following two months, going from ₦ 15,630,000 to ₦ 15,458,744. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 15,544,372 to ₦ 15,538,125 during May and June.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₦ 3,251,214.25. There was a significant inflation of the average price in "before 2000" (₦ 737,625) moving up till (₦ 6,624,375)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 183 %. During the last two years, prices in the car industry have gone through a strong rise of 18 % 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 (₦ 11,306,156) and the the last two years that have been analyzed (2018, 2019) with a price of ₦ 13,397,500.
The graph that displays the price for Honda cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 86 % more affordable than the average price (₦ 15,838,750). Next with a price of ₦ 4,490,205 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 11% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₦ 9,866,725.
The graph showing the average price for the fuel type for Honda cars points out to "Petrol" as being the cheapest fuel type. It is 93 % less expensive than the average market price (₦ 15,838,750) followed by "Diesel" priced at ₦ 1,500,000. On average the cheapest type of fuel is "Diesel". It´s price is 91 % more affordable than the average market value followed by "Petrol" with a price of ₦ 1,147,945.