Price for Opel

The selling price for Opel cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 2,972,552. During November there was a slight reduction in the selling prices dropping till ₦ 2,749,625. The following two months the selling price went through a strong reduction of -46 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -72 % compared to the 4 previous average values going down from ₦ 2,202,880.5 to ₦ 610,117.

The average price for Opel has gone through a significant depreciation in recent years. During the first sample analyzed, going from "before 2000" to 2008, the average price was ₦ 1,530,770.75. Please take note of of the significant depreciation in the prices between "before 2000" (₦ 1,640,000) and 2008 (₦ 475,000). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -73 % compared to the previous period. During the last two years, prices in the car industry have gone up 14 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₦ 483,021) and the the last two years that were studied (2011, 2013) with a price of ₦ 551,667.

The graph that displays the price for Opel 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 32 % more affordable than the average price (₦ 656,484). Next with a price of ₦ 500,000 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 396% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 1,782,500.