Jeep Grand Cherokee 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 Jeep Grand Cherokee cars has had a strong depreciation during the last 6 months we have studied. During the first month analyzed in November the average price was ₦ 1,529,412. December went through a strong inflation with a rise in the price till ₦ 2,392,857. The following two months the selling price went through a strong reduction of -75 % compared to the previous two months studied. 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 (₦ 1,331,617.5) during March and April.
The average price for Jeep Grand Cherokee has had a strong rise in recent years. Between 2002 and 2021, the average price is ₦ 2,162,500. There was a significant inflation of the average price in 2002 (₦ 437,500) moving up till (₦ 4,000,000)in 2021.