Infiniti QX56 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 QX56 cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 2,187,375. During November the price went trough a strong deflation till ₦ 1,229,833. The following two months the selling price went through a strong reduction of -39 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -38 % compared to the 4 previous average values going down from ₦ 1,378,566 to ₦ 857,910.
The average price for Infiniti QX56 has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2005 to 2009, the average price was ₦ 854,166.69. Please take note of of the significant depreciation in the prices between 2005 (₦ 1,500,000) and 2009 (₦ 637,500). During the next two years (2010, 2011) the price for the aforementioned model has gone up strongly a 24 %. During the last two years, the car industry has had a strong deflation in its selling prices of -35 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 783,645.75) and the the last two years (2012, 2013) with a price of ₦ 512,291.5.
The graph that displays the price for Infiniti QX56 cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 36 % more affordable than the average price (₦ 860,820). Next with a price of ₦ 550,000 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 124% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 920,952.