Rolls Royce Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.
The selling price for Rolls Royce cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 3,489,333. During November the price went trough a strong deflation till ₦ 2,090,000. The following two months the selling price went through a strong reduction of -70 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -39 % compared to the 4 previous average values going down from ₦ 1,818,697 to ₦ 1,115,833.5.
The average price for Rolls Royce has had a strong rise in recent years. Between 2008 and 2010, the average price is ₦ 726,071.5. There was a significant inflation of the average price in 2008 (₦ 525,000) moving up till (₦ 927,143)in 2010.
The graph that displays the price for Rolls Royce 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 1 % more affordable than the average price (₦ 549,167). Next with a price of ₦ 3,400,000 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 519% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 544,444.