Ford Transit 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 Transit cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 6,759,375. During November there was a slight reduction in the selling prices dropping till ₦ 6,113,063. The following two months the selling price went through a strong reduction of -58 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -19 % compared to the 4 previous average values going down from ₦ 4,562,797 to ₦ 3,696,875.