Honda FR-V 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 FR-V cars has fallen during the last 6 months we have analyzed. The average price in October was of ₦ 442,692. This price hardly went through any changes and remained at ₦ 436,250 during November. The average selling price has remained fairly constant during the following two months, going from ₦ 439,471 to ₦ 419,807.5. In the last two, the price has gone through a -7 % devaluation compared to the previous average values going down from ₦ 429,639.25 to ₦ 398,984.5 during February and March.
The average price for Honda FR-V has had a strong rise in recent years. Between 2003 and 2008, the average price is ₦ 361,000. There was a significant inflation of the average price in 2003 (₦ 275,000) moving up till (₦ 460,000)in 2008. During the next two years (2009, 2010) the price for the aforementioned model has gone up strongly a 45 %. During the last two years, prices in the car industry have experienced a depreciation of -12 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₦ 466,666.75) and the the last two years analyzed (2013, 2014) with a price of ₦ 408,333.5.
The graph that displays the price for Honda FR-V cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 11 % more affordable than the average price (₦ 387,200). Next with a price of ₦ 357,647 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 47% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 537,500.