BMW X6 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 X6 cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 2,077,500. During November the price went trough a strong deflation till ₦ 1,650,820. The following two months the selling price went through a strong reduction of -26 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -53 % compared to the 4 previous average values going down from ₦ 1,620,568.5 to ₦ 759,375.
The average price for BMW X6 has gone through a significant depreciation in recent years. Between 2007 and 2009, the average price is ₦ 1,372,222. There was a significant inflation of the average price in 2007 (₦ 1,433,333) moving up till (₦ 2,133,333)in 2009. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -42 % compared to the previous period. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₦ 827,807.5 in 2012 and ₦ 854,722 during 2013.
The graph that displays the price for BMW X6 cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 31 % more affordable than the average price (₦ 741,667). Next with a price of ₦ 719,737 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 349% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 1,075,000.