Audi Q7 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 Audi Q7 cars has had a strong depreciation during the last 6 months we have studied. During the first month analyzed in January the average price was ₦ 3,830,867. February went through a strong inflation with a rise in the price till ₦ 4,415,680. The following two months the selling price went through a strong reduction of -54 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -30 % compared to the 4 previous average values going down from ₦ 3,017,740 to ₦ 2,106,856.5.
The average price for Audi Q7 has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2006 to 2010, the average price was ₦ 1,531,972.38. Please take note of of the significant depreciation in the prices between 2006 (₦ 2,525,000) and 2010 (₦ 650,000). During the next two years the average price(₦ 1,503,666.5) has hardly changed, remaining at a constant value compared to the previous period. During the last two years, the car industry has had a strong deflation in its selling prices of -53 % 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 (₦ 981,833.25) and the the last two years (2013, 2014) with a price of ₦ 460,000.
The graph that displays the price for Audi Q7 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 54 % more affordable than the average price (₦ 1,578,375). Next with a price of ₦ 1,217,000 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 71% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 2,500,000.