Mercury 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 Mercury cars have remained constant in the last 6 months. The average price in October was of ₦ 403,488. This price hardly went through any changes and remained at ₦ 420,968 during November. During the following two months (December, January) the average selling price rose somewhat going from ₦ 412,228 to ₦ 446,058.5. In the last two, the price has gone through a -7 % devaluation compared to the previous average values going down from ₦ 429,143.25 to ₦ 397,865 during February and March.
The average price for Mercury has gone down in recent years. During 2006 and 2006, the average price was ₦ 520,000. During this period, prices pretty much remained constant. During the next two years the average price(₦ 516,875) has hardly changed, remaining at a constant value compared to the previous period. During the last two years, the car industry has had a strong deflation in its selling prices of -16 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 444,548.5) and the the last two years (2011, 2013) with a price of ₦ 372,222.
The graph that displays the price for Mercury 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 10 % more affordable than the average price (₦ 392,813). Next with a price of ₦ 433,333 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 273% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 533,333.