Lotus 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 Lotus cars have remained constant in the last 6 months. The average price in November was of ₦ 421,395. This price hardly went through any changes and remained at ₦ 419,459 during December. The average selling price has remained fairly constant during the following two months, going from ₦ 420,427 to ₦ 420,263. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 420,345 to ₦ 411,381 during March and April.
The average price for Lotus has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2006 to 2007, the average price was ₦ 425,000. Please take note of of the significant depreciation in the prices between 2006 (₦ 550,000) and 2007 (₦ 300,000). Cars belonging to the model aforementioned had a price deflation of -9 percent in the next two years (2008, 2009) 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 ₦ 399,833.25 in 2010 and ₦ 413,000 during 2011.
The graph that displays the price for Lotus 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 16 % more affordable than the average price (₦ 403,333). Next with a price of ₦ 388,235 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 36% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 400,000.