Honda Civic Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Honda Civic cars have gone through a strong rise during the last 6 months. The average price in March was of ₦ 3,132,744. This price hardly went through any changes and remained at ₦ 3,157,000 during April. During the following two months (May, June) the average selling price rose somewhat going from ₦ 3,144,872 to ₦ 3,423,244. The average price has had spectacular rise of 26 % with an average price of ₦ 3,284,058 during the previous 4 months and ₦ 4,151,051 during the most recent months in July and August.
The average price for Honda Civic has had a strong rise in recent years. Between "before 2000" and 2013, the average price is ₦ 1,167,532.62. There was a significant inflation of the average price in "before 2000" (₦ 474,788) moving up till (₦ 2,521,562)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 229 %. During the last two years, prices in the car industry have gone through a strong rise of 33 % 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 (₦ 5,688,141) and the the last two years that have been analyzed (2016, 2017) with a price of ₦ 7,537,500.
The graph that displays the price for Honda Civic cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 84 % more affordable than the average price (₦ 4,015,488). Next with a price of ₦ 1,019,355 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 33% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₦ 2,067,475.