Hummer H2 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 Hummer H2 cars has had a strong depreciation during the last 6 months we have studied. The average price in November was of ₦ 1,458,000. This price hardly went through any changes and remained at ₦ 1,485,714 during December. The following two months the selling price went through a strong reduction of -42 % compared to the previous two months studied. 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 ₦ 1,159,989 to ₦ 890,000.
The average price for Hummer H2 has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2006 to 2008, the average price was ₦ 1,312,500. Please take note of of the significant depreciation in the prices between 2006 (₦ 2,050,000) and 2008 (₦ 575,000).
The graph that displays the price for Hummer H2 cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 27 % more affordable than the average price (₦ 980,000). Next with a price of ₦ 1,118,750 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 30% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 1,118,750.