Honda Ridgeline 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 Ridgeline cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 6,151,875. During November there was a slight reduction in the selling prices dropping till ₦ 5,472,125. The following two months the selling price went through a strong reduction of -27 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -21 % compared to the 4 previous average values going down from ₦ 5,021,107 to ₦ 3,984,100.
The graph that displays the price for Honda Ridgeline cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 41 % more affordable than the average price (₦ 4,760,600). Next with a price of ₦ 6,101,000 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 28% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 2,800,000.