BMW 530i 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 BMW 530i cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 1,387,699. During November the price went trough a strong deflation till ₦ 1,128,000. The following two months (December, January) the selling price went through a devaluation of -13 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 -43 % compared to the 4 previous average values going down from ₦ 1,177,362.25 to ₦ 676,161.5.
The average price for BMW 530i has had a strong rise in recent years. Between 2003 and 2004, the average price is ₦ 455,000. There was a significant inflation of the average price in 2003 (₦ 410,000) moving up till (₦ 500,000)in 2004.
The graph that displays the price for BMW 530i 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 16 % more affordable than the average price (₦ 507,778). Next with a price of ₦ 1,840,000 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 262% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 425,000.