Lincoln 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 Lincoln cars has had a strong depreciation during the last 6 months we have studied. In October the price for a car is ₦ 1,289,877 increasing till ₦ 1,459,167 in November. The following two months the selling price went through a strong reduction of -38 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -52 % compared to the 4 previous average values going down from ₦ 1,112,852 to ₦ 539,041.5.
The average price for Lincoln has had a strong rise in recent years. Between 2001 and 2010, the average price is ₦ 989,668.44. There was a significant inflation of the average price in 2001 (₦ 475,000) moving up till (₦ 1,021,429)in 2010. Cars belonging to the model aforementioned had a price deflation of -8 percent in the next two years (2011, 2012) compared to the previous two years. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₦ 946,577.5 in 2013 and ₦ 986,905 during 2014.
The graph that displays the price for Lincoln 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 16 % more affordable than the average price (₦ 540,750). Next with a price of ₦ 466,000 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 222% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 914,286.