Land Rover Defender Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Land Rover Defender cars have increased during the last 6 months. In October the price for a car is ₦ 540,152 increasing till ₦ 595,102 in November. During the following two months (December, January) the average selling price rose somewhat going from ₦ 567,627 to ₦ 605,711. In the last two, the price has gone through a -11 % devaluation compared to the previous average values going down from ₦ 586,669 to ₦ 522,156.5 during February and March.
The average price for Land Rover Defender has remained constant in recent years. During the first sample analyzed, going from 2005 to 2010, the average price was ₦ 484,776.75. Please take note of of the significant depreciation in the prices between 2005 (₦ 590,000) and 2010 (₦ 442,857). During the next two years (2011, 2012) the price for the aforementioned model has gone up strongly a 19 %. During the last two years, prices in the car industry have gone up 11 % 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 (₦ 652,435.5) and the the last two years that were studied (2013, 2014) with a price of ₦ 726,389.
The graph that displays the price for Land Rover Defender 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 13 % more affordable than the average price (₦ 524,091). Next with a price of ₦ 496,000 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 96% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 534,848.