Chevrolet Cruze 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 Chevrolet Cruze cars has had a strong depreciation during the last 6 months we have studied. During the first month analyzed in October the average price was ₦ 1,942,500. November went through a strong inflation with a rise in the price till ₦ 2,238,750. The following two months the selling price went through a strong reduction of -46 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -59 % compared to the 4 previous average values going down from ₦ 1,608,481.5 to ₦ 652,941.
The average price for Chevrolet Cruze has had a strong rise in recent years. During 2007 and 2007, the average price was ₦ 426,667. During this period, prices pretty much remained constant. During the next two years (2008, 2009) the price for the aforementioned model has gone up strongly a 36 %. During the last two years, prices in the car industry have gone up 14 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₦ 671,250) and the the last two years that were studied (2012, 2013) with a price of ₦ 762,500.
The graph that shows the price for Chevrolet Cruze cars according to their mileage indicates that those vehicles within a mileage range of "less than 10,000" are the most expensive ones. They are 5 % more costly than the average market price (₦ 522,353). Next with a price of ₦ 783,333 and a mileage range of "more than 200,000" we will see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 50% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 547,500.