Honda Civic Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Honda Civic cars has fallen during the last 6 months we have analyzed. The average price for December is ₦ 3,648,625. During January there was a slight reduction in the selling prices dropping till ₦ 3,197,438. The average selling price has remained fairly constant during the following two months, going from ₦ 3,423,031.5 to ₦ 3,288,184.5. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 3,355,608 to ₦ 3,332,312.5 during April and May.
The average price for Honda Civic has had a strong rise in recent years. Between "before 2000" and 2013, the average price is ₦ 1,200,707.5. There was a significant inflation of the average price in "before 2000" (₦ 441,043) moving up till (₦ 3,070,476)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 254 %. During the last two years, prices in the car industry have gone through a strong rise of 29 % 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 (₦ 5,964,583) and the the last two years that have been analyzed (2016, 2017) with a price of ₦ 7,675,000.
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 81 % more affordable than the average price (₦ 3,507,625). Next with a price of ₦ 1,103,714 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 27% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₦ 2,127,750.