Infiniti M 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 M cars has had a strong depreciation during the last 6 months we have studied. The average price in November was of ₦ 676,786. This price hardly went through any changes and remained at ₦ 659,259 during December. The following two months (January, February) the selling price went through a devaluation of -9 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -22 % compared to the 4 previous average values going down from ₦ 636,673.25 to ₦ 498,355.
The average price for Infiniti M has gone through a significant depreciation in recent years. During 2006 and 2006, the average price was ₦ 825,000. During this period, prices pretty much remained constant. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -46 % compared to the previous period. During the last two years, prices in the car industry have gone up 12 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₦ 509,375) and the the last two years that were studied (2011, 2013) with a price of ₦ 571,250.
The graph that displays the price for Infiniti M 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 11 % more affordable than the average price (₦ 485,556). Next with a price of ₦ 485,385 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 39% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 485,385.