Ford F 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 F cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 11,568,250. During November there was a slight reduction in the selling prices dropping till ₦ 10,110,375. The following two months the selling price went through a strong reduction of -51 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -66 % compared to the 4 previous average values going down from ₦ 8,082,558 to ₦ 2,755,452.5.
The average price for Ford F has had a strong rise in recent years. Between 2003 and 2013, the average price is ₦ 1,221,220.25. There was a significant inflation of the average price in 2003 (₦ 852,500) moving up till (₦ 1,718,571)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 293 %. During the last two years, prices in the car industry have gone up 12 % 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 (₦ 5,437,500) and the the last two years that were studied (2016, 2019) with a price of ₦ 6,075,000.
The graph that displays the price for Ford F cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 68 % more affordable than the average price (₦ 2,693,266). Next with a price of ₦ 975,000 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 67% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 3,662,500.
"Petrol" priced at ₦ 4,572,941 is the most expensive fuel type when taking into account the average fuel price for Ford F cars. It is is 70 % dearer than the average selling price (!PRECIO2!). "Petrol" is the most expensive type of fuel and it is 70 % more costly than the average market value previously analyzed.