Kia Picanto 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 Kia Picanto cars has had a strong depreciation during the last 6 months we have studied. The average price in October was of ₦ 1,906,354. This price hardly went through any changes and remained at ₦ 1,863,242 during November. The following two months the selling price went through a strong reduction of -45 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -72 % compared to the 4 previous average values going down from ₦ 1,462,389 to ₦ 416,101.5.
The average price for Kia Picanto has become more expensive in recent years. Between 2009 and 2012, the average price is ₦ 431,111. There was a significant inflation of the average price in 2009 (₦ 400,000) moving up till (₦ 583,333)in 2012.
The graph that displays the price for Kia Picanto cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 7 % more affordable than the average price (₦ 415,417). Next with a price of ₦ 683,333 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 64% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 387,895.