Hyundai Accent Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Hyundai Accent cars has fallen during the last 6 months we have analyzed. In December the average price per vehicle is ₦ 2,146,259. During January the price went trough a strong deflation till ₦ 1,589,621. The average selling price has remained fairly constant during the following two months, going from ₦ 1,867,940 to ₦ 1,904,001.5. The average price has risen 9 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 2,050,116) during April and May.
The average price for Hyundai Accent has had a strong rise in recent years. Between 2001 and 2013, the average price is ₦ 751,263.06. There was a significant inflation of the average price in 2001 (₦ 525,000) moving up till (₦ 1,717,640)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 161 %. During the last two years, prices in the car industry have gone through a strong rise of 50 % 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 (₦ 3,911,493.5) and the the last two years that have been analyzed (2016, 2020) with a price of ₦ 5,859,187.5.
The graph that displays the price for Hyundai Accent 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 63 % more affordable than the average price (₦ 2,091,538). Next with a price of ₦ 822,286 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 24% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₦ 1,331,475.