Triumph 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 Triumph cars has had a strong depreciation during the last 6 months we have studied. In November the price for a car is ₦ 721,429 increasing till ₦ 765,789 in December. The following two months the selling price went through a strong reduction of -38 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -20 % compared to the 4 previous average values going down from ₦ 601,492 to ₦ 479,086.5.
The average price for Triumph has had a strong rise in recent years. Between 2007 and 2011, the average price is ₦ 713,889. There was a significant inflation of the average price in 2007 (₦ 416,667) moving up till (₦ 1,150,000)in 2011.