Acura MDX 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 Acura MDX cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 15,139,375. During November there was a slight reduction in the selling prices dropping till ₦ 12,908,125. The following two months the selling price went through a strong reduction of -50 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -77 % compared to the 4 previous average values going down from ₦ 10,530,595 to ₦ 2,437,374.
The average price for Acura MDX has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2001 to 2010, the average price was ₦ 1,853,077.25. Please take note of of the significant depreciation in the prices between 2001 (₦ 1,971,500) and 2010 (₦ 983,333). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -33 % compared to the previous period. During the last two years, the car industry has had a strong deflation in its selling prices of -35 % 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 (₦ 915,653.5) and the the last two years (2013, 2014) with a price of ₦ 592,222.
The graph that displays the price for Acura MDX 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 67 % more affordable than the average price (₦ 2,378,164). Next with a price of ₦ 950,000 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 54% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 2,963,991.