Infiniti FX35 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 Infiniti FX35 cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 2,372,500. During November the price went trough a strong deflation till ₦ 1,530,125. The following two months the selling price went through a strong reduction of -53 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -55 % compared to the 4 previous average values going down from ₦ 1,434,283.5 to ₦ 649,836.5.
The average price for Infiniti FX35 has gone through a significant depreciation in recent years. Between 2003 and 2009, the average price is ₦ 942,415.12. There was a significant inflation of the average price in 2003 (₦ 1,075,000) moving up till (₦ 1,714,286)in 2009. During the next two years the average price(₦ 899,166.5) has hardly changed, remaining at a constant value compared to the previous period. During the last two years, prices in the car industry have experienced a depreciation of -7 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₦ 841,904.75) and the the last two years analyzed (2012, 2013) with a price of ₦ 784,643.
The graph that displays the price for Infiniti FX35 cars according to their mileage shows that those cars within a mileage range of "10,000 - 25,000" are the ones with the lowest price. They are 22 % more affordable than the average price (₦ 651,970). Next with a price of ₦ 507,750 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 312% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 2,387,500.