BMW 3 Series 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 BMW 3 Series cars has fallen during the last 6 months we have analyzed. In October the price for a car is ₦ 1,248,243 increasing till ₦ 1,435,000 in November. The following two months (December, January) the selling price went through a devaluation of -10 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -29 % compared to the 4 previous average values going down from ₦ 1,273,224.25 to ₦ 904,915.
The average price for BMW 3 Series has had a strong rise in recent years. Between 2001 and 2009, the average price is ₦ 1,079,739.5. There was a significant inflation of the average price in 2001 (₦ 337,500) moving up till (₦ 750,000)in 2009. During the next two years (2010, 2011) the price for the aforementioned model has gone up strongly a 42 %. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₦ 1,593,854.25 in 2012 and ₦ 1,653,333.5 during 2013.
The graph that displays the price for BMW 3 Series cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 58 % more affordable than the average price (₦ 854,308). Next with a price of ₦ 416,667 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 23% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 916,786.