Ford Galaxy 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 Galaxy cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 1,639,367. During November the price went trough a strong deflation till ₦ 1,026,480. The following two months the selling price went through a strong reduction of -40 % compared to the previous two months studied. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from ₦ 1,063,302.25 to ₦ 931,878 during February and March.
The average price for Ford Galaxy has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2000 to 2003, the average price was ₦ 1,366,643. Please take note of of the significant depreciation in the prices between 2000 (₦ 2,250,000) and 2003 (₦ 912,500).