Hyundai Accent Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Hyundai Accent cars have increased during the last 6 months. The average price in February was of ₦ 1,647,125. This price hardly went through any changes and remained at ₦ 1,712,750 during March. The average selling price has remained fairly constant during the following two months, going from ₦ 1,679,937.5 to ₦ 1,750,250. The average price has had spectacular rise of 15 % with an average price of ₦ 1,715,093.75 during the previous 4 months and ₦ 1,973,479 during the most recent months in June and July.
The average price for Hyundai Accent has had a strong rise in recent years. Between "before 2000" and 2012, the average price is ₦ 835,906. There was a significant inflation of the average price in "before 2000" (₦ 367,500) moving up till (₦ 1,507,941)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 103 %. During the last two years, prices in the car industry have gone through a strong rise of 29 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₦ 2,402,654.5) and the the last two years that have been analyzed (2015, 2016) with a price of ₦ 3,109,375.
The graph that displays the price for Hyundai Accent cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 53 % more affordable than the average price (₦ 1,915,500). Next with a price of ₦ 899,291 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 12% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₦ 1,490,688.