Ford Focus 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 Focus cars has had a strong depreciation during the last 6 months we have studied. In September the price for a car is ₦ 3,014,500 increasing till ₦ 3,345,125 in October. The following two months the selling price went through a strong reduction of -31 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -76 % compared to the 4 previous average values going down from ₦ 2,684,755.75 to ₦ 653,375.
The average price for Ford Focus has had a strong rise in recent years. Between 2002 and 2003, the average price is ₦ 671,250. There was a significant inflation of the average price in 2002 (₦ 500,000) moving up till (₦ 842,500)in 2003. During the next two years (2009, 2012) the price for the aforementioned model has gone up strongly a 165 %. During the last two years, prices in the car industry have experienced a depreciation of -5 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₦ 1,689,541.75) and the the last two years analyzed (2013, 2014) with a price of ₦ 1,602,500.
The graph that displays the price for Ford Focus 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 31 % more affordable than the average price (₦ 760,500). Next with a price of ₦ 571,429 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 252% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 1,478,125.