Infiniti Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.
The selling price for Infiniti cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 8,648,113. During November the price went trough a strong deflation till ₦ 5,565,750. The following two months the selling price went through a strong reduction of -56 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -56 % compared to the 4 previous average values going down from ₦ 5,126,177 to ₦ 2,270,578.5.
The average price for Infiniti has had a strong rise in recent years. Between "before 2000" and 2010, the average price is ₦ 765,878.38. There was a significant inflation of the average price in "before 2000" (₦ 333,333) moving up till (₦ 827,083)in 2010. Cars belonging to the model aforementioned had a price deflation of -14 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 -10 % 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 (₦ 594,975.5) and the the last two years analyzed (2013, 2014) with a price of ₦ 534,585.5.
The graph that displays the price for Infiniti cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 75 % more affordable than the average price (₦ 2,185,594). Next with a price of ₦ 577,647 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 21% less expensive than the average market value followed by those cars with a mileage of "more than 200,000" priced at ₦ 1,455,700.