Nissan Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Nissan cars have increased during the last 6 months. In July the price for a car is ₦ 8,667,500 increasing till ₦ 9,791,237 in August. The average selling price has remained fairly constant during the following two months, going from ₦ 9,229,368 to ₦ 9,205,425. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 9,217,396 to ₦ 9,256,856 during November and December.
The average price for Nissan has had a strong rise in recent years. Between "before 2000" and 2016, the average price is ₦ 2,867,849. There was a significant inflation of the average price in "before 2000" (₦ 2,873,750) moving up till (₦ 7,706,250)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 170 %. During the last two years, prices in the car industry have gone through a strong rise of 25 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₦ 10,380,174) and the the last two years that have been analyzed (2019, 2020) with a price of ₦ 13,019,792.
The graph that displays the price for Nissan cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 86 % more affordable than the average price (₦ 9,194,487). Next with a price of ₦ 1,956,885 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 21% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₦ 5,325,737.