Hyundai Elantra 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 Elantra cars have increased during the last 6 months. In March the price for a car is ₦ 5,081,687 increasing till ₦ 5,638,750 in April. The average selling price has remained fairly constant during the following two months, going from ₦ 5,360,218.5 to ₦ 5,504,812.5. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 5,432,515.5 to ₦ 5,321,375 during July and August.
The average price for Hyundai Elantra has had a strong rise in recent years. Between 2001 and 2013, the average price is ₦ 2,508,238.25. There was a significant inflation of the average price in 2001 (₦ 450,000) moving up till (₦ 4,069,531)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 61 %. During the last two years, prices in the car industry have gone through a strong rise of 18 % 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 (₦ 4,938,699) and the the last two years that have been analyzed (2016, 2017) with a price of ₦ 5,842,063.5.
The graph that displays the price for Hyundai Elantra 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 36 % more affordable than the average price (₦ 5,182,375). Next with a price of ₦ 3,396,458 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 14% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₦ 3,865,385.