Ford E 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 Ford E cars has had a strong depreciation during the last 6 months we have studied. The average price in September was of ₦ 8,561,875. This price hardly went through any changes and remained at ₦ 8,896,875 during October. The following two months (November, December) the selling price went through a devaluation of -15 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 -67 % compared to the 4 previous average values going down from ₦ 8,078,281 to ₦ 2,645,625.
The graph that displays the price for Ford E 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 29 % more affordable than the average price (₦ 4,257,917). Next with a price of ₦ 5,482,500 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 29% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 3,033,333.