Honda Jazz Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.
The selling price for Honda Jazz cars has had a strong depreciation during the last 6 months we have studied. The average price for September is ₦ 931,233. During October there was a slight reduction in the selling prices dropping till ₦ 883,014. The average selling price has remained fairly constant during the following two months, going from ₦ 907,123.5 to ₦ 892,343. In the last two months, the price has gone through a strong devaluation of -54 % compared to the 4 previous average values going down from ₦ 899,733.25 to ₦ 411,886.5.
The average price for Honda Jazz has had a strong rise in recent years. During the first sample analyzed, going from 2003 to 2008, the average price was ₦ 389,524. Please take note of of the significant depreciation in the prices between 2003 (₦ 421,429) and 2008 (₦ 345,000). During the next two years (2009, 2010) the price for the aforementioned model has gone up strongly a 88 %. During the last two years, the car industry has had a strong deflation in its selling prices of -21 % 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 (₦ 605,416.5) and the the last two years (2012, 2013) with a price of ₦ 476,666.5.
The graph that displays the price for Honda Jazz cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 24 % more affordable than the average price (₦ 412,059). Next with a price of ₦ 413,333 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 135% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 444,000.