Lada Niva 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 Lada Niva cars has fallen during the last 6 months we have analyzed. The average price for November is ₦ 541,667. During December there was a slight reduction in the selling prices dropping till ₦ 490,000. The following two months (January, February) the selling price went through a devaluation of -7 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 497,532.25 to ₦ 479,615.5 during March and April.
The average price for Lada Niva has gone through a significant depreciation in recent years. During 2005 and 2012, the average price was ₦ 463,889. During this period, prices pretty much remained constant.
The graph that displays the price for Lada Niva 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 8 % more affordable than the average price (₦ 480,000). Next with a price of ₦ 675,000 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 41% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 442,857.