Renault 12 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 Renault 12 cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 295,000. During November the price went trough a strong deflation till . During the following two months (December, January) the average selling price experienced a noticeable rise, going up 99 % from ₦ 147,500 to ₦ 293,333. The average price has had spectacular rise of 33 % with an average price of ₦ 220,416.5 during the previous 4 months and ₦ 293,333 during the most recent months in February and March.