Ford Escape Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Ford Escape cars have gone through a strong rise during the last 6 months. The average price in February was of ₦ 2,348,625. This price hardly went through any changes and remained at ₦ 2,436,750 during March. During the following two months (April, May) the average selling price rose somewhat going from ₦ 2,392,687.5 to ₦ 2,705,562.5. The average price has had spectacular rise of 21 % with an average price of ₦ 2,549,125 during the previous 4 months and ₦ 3,077,437.5 during the most recent months in June and July.
The average price for Ford Escape has had a strong rise in recent years. Between 2001 and 2012, the average price is ₦ 1,331,072.62. There was a significant inflation of the average price in 2001 (₦ 943,333) moving up till (₦ 1,992,500)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 253 %. During the last two years, prices in the car industry have gone through a strong rise of 28 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₦ 6,540,422) and the the last two years that have been analyzed (2015, 2017) with a price of ₦ 8,378,571.5.
The graph that displays the price for Ford Escape cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 69 % more affordable than the average price (₦ 3,331,625). Next with a price of ₦ 1,337,252 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 14% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₦ 2,161,111.