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 for July is ₦ 3,331,625. During August there was a slight reduction in the selling prices dropping till ₦ 3,028,000. During the following two months (September, October) the average selling price experienced a noticeable rise, going up 23 % from ₦ 3,179,812.5 to ₦ 3,902,500. The average price has had spectacular rise of 23 % with an average price of ₦ 3,541,156.25 during the previous 4 months and ₦ 4,342,469 during the most recent months in November and December.
The average price for Ford Escape has had a strong rise in recent years. Between 2001 and 2013, the average price is ₦ 1,572,944.88. There was a significant inflation of the average price in 2001 (₦ 730,031) moving up till (₦ 3,494,783)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 244 %. During the last two years, prices in the car industry have gone up 15 % 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 (₦ 6,346,007) and the the last two years that were studied (2016, 2017) with a price of ₦ 7,278,125.
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 70 % more affordable than the average price (₦ 4,072,063). Next with a price of ₦ 1,307,267 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 4% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₦ 2,947,681.