Mercedes Benz 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 Mercedes Benz cars have remained constant in the last 6 months. The average price in September was of ₦ 4,881,344. This price hardly went through any changes and remained at ₦ 4,669,206 during October. The following two months the selling price went through a strong reduction of -35 % compared to the previous two months studied. The average price has had spectacular rise of 81 % with an average price of ₦ 3,942,400 during the previous 4 months and ₦ 7,120,422 during the most recent months in January and February.
The average price for Mercedes Benz has had a strong rise in recent years. Between "before 2000" and 2018, the average price is ₦ 1,786,663. There was a significant inflation of the average price in "before 2000" (₦ 536,250) moving up till (₦ 3,813,043)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 104 %. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₦ 3,713,408.5 in 2021 and ₦ 3,785,706 during 2022.
The graph that displays the price for Mercedes Benz 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 43 % more affordable than the average price (₦ 7,868,375). Next with a price of ₦ 5,239,857 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 2% less expensive than the average market value followed by those cars with a mileage of "100,000 - 200,000" priced at ₦ 5,439,000.
The graph showing the average price for the fuel type for Mercedes Benz cars points out to "Diesel" as being the cheapest fuel type. It is 80 % less expensive than the average market price (₦ 7,868,375) followed by "Gas" priced at ₦ 4,748,788. On average the cheapest type of fuel is "Petrol". It´s price is 17 % more affordable than the average market value followed by "Gas" with a price of ₦ 4,748,788.