Acura MDX Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Acura MDX cars has fallen during the last 6 months we have analyzed. The average price for March is ₦ 8,542,125. During April there was a slight reduction in the selling prices dropping till ₦ 7,845,875. The following two months (May, June) the selling price went through a devaluation of -6 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 7,961,344 to ₦ 7,957,625 during July and August.
The average price for Acura MDX has had a strong rise in recent years. Between 2000 and 2014, the average price is ₦ 3,621,071.25. There was a significant inflation of the average price in 2000 (₦ 860,000) moving up till (₦ 10,361,333)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 154 %. During the last two years, prices in the car industry have gone through a strong rise of 21 % 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 (₦ 11,644,048) and the the last two years that have been analyzed (2017, 2018) with a price of ₦ 14,100,000.
The graph that displays the price for Acura MDX cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 71 % more affordable than the average price (₦ 7,935,750). Next with a price of ₦ 2,429,041 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 100,000". It is 32% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₦ 4,654,607.