Kia Cerato Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Kia Cerato cars has fallen during the last 6 months we have analyzed. The average price in October was of ₦ 2,456,987. This price hardly went through any changes and remained at ₦ 2,357,545 during November. The following two months (December, January) the selling price went through a devaluation of -12 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -8 % devaluation compared to the previous average values going down from ₦ 2,261,526.75 to ₦ 2,070,243 during February and March.
The average price for Kia Cerato has had a strong rise in recent years. During 2010 and 2010, the average price was ₦ 1,498,500. During this period, prices pretty much remained constant. During the next two years (2011, 2012) the price for the aforementioned model has gone up strongly a 74 %. During the last two years, prices in the car industry have gone up 6 % 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 (₦ 2,761,687.5) and the the last two years that were studied (2013, 2014) with a price of ₦ 2,921,500.
The graph that displays the price for Kia Cerato 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 54 % more affordable than the average price (₦ 2,267,014). Next with a price of ₦ 1,866,667 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 34% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 2,870,833.