Honda HR-V Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Honda HR-V cars have increased during the last 6 months. During the first month analyzed in September the average price was ₦ 724,468. October went through a strong inflation with a rise in the price till ₦ 1,002,553. The following two months (November, December) the selling price went through a devaluation of -11 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -23 % compared to the 4 previous average values going down from ₦ 816,663.25 to ₦ 632,500.
The average price for Honda HR-V has gone down in recent years. During the first sample analyzed, going from 2005 to 2007, the average price was ₦ 572,500. Please take note of of the significant depreciation in the prices between 2005 (₦ 775,000) and 2007 (₦ 370,000). During the next two years (2008, 2009) the price for the aforementioned model has gone up strongly a 77 %. During the last two years, the car industry has had a strong deflation in its selling prices of -33 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 761,666.5) and the the last two years (2010, 2013) with a price of ₦ 509,166.5.
The graph that displays the price for Honda HR-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 41 % more affordable than the average price (₦ 648,846). Next with a price of ₦ 400,000 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 107% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 886,471.