Price for Honda City

Honda City Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.

₦ 900,511.5
Average price Last 6 months
Price for Honda City

The selling price for Honda City cars has had a strong depreciation during the last 6 months we have studied. The average price for September is ₦ 1,336,125. During October there was a slight reduction in the selling prices dropping till ₦ 1,160,625. The following two months the selling price went through a strong reduction of -27 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -50 % compared to the 4 previous average values going down from ₦ 1,079,122.5 to ₦ 543,289.5.

Price per registration year

The average price for Honda City has had a strong rise in recent years. Between 2003 and 2009, the average price is ₦ 789,404.81. There was a significant inflation of the average price in 2003 (₦ 337,500) moving up till (₦ 1,291,250)in 2009. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -30 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 42 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₦ 952,639) and the the last two years that have been analyzed (2012, 2013) with a price of ₦ 1,351,111.

Price per mileage

The graph that displays the price for Honda City 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 20 % more affordable than the average price (₦ 539,649). Next with a price of ₦ 666,667 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 146% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 879,167.

Charts data
Average price February
Number of Honda City ads used
Num. of cars with registration year mentioned
Num. of cars with mileage mentioned
₦ 539,649
102
97
102
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value