BMW 550i 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 550i cars has had a strong depreciation during the last 6 months we have studied. The average price in November was of ₦ 4,149,500. This price hardly went through any changes and remained at ₦ 4,149,500 during December. The following two months the selling price went through a strong reduction of -100 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -65 % compared to the 4 previous average values going down from ₦ 2,074,750 to ₦ 725,000.