Lexus GX Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for Lexus GX cars have remained constant in the last 6 months. The average price in June was of ₦ 18,761,000. This price hardly went through any changes and remained at ₦ 18,646,000 during July. The average selling price has remained fairly constant during the following two months, going from ₦ 18,703,500 to ₦ 18,752,812. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 18,728,156 to ₦ 18,762,466 during October and November.
The average price for Lexus GX has had a strong rise in recent years. Between 2003 and 2015, the average price is ₦ 10,608,149. There was a significant inflation of the average price in 2003 (₦ 3,733,846) moving up till (₦ 7,223,256)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 56 %. During the last two years, the car industry has had a strong deflation in its selling prices of -26 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 13,150,416) and the the last two years (2019, 2020) with a price of ₦ 9,783,333.
The graph that displays the price for Lexus GX cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 64 % more affordable than the average price (₦ 18,914,375). Next with a price of ₦ 9,425,000 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 4% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₦ 16,375,000.