Lexus GX Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Lexus GX cars have gone through a strong rise during the last 6 months. During the first month analyzed in February the average price was ₦ 8,463,029. March went through a strong inflation with a rise in the price till ₦ 26,700,000. During the following two months (April, May) the average selling price experienced a noticeable rise, going up 51 % from ₦ 17,581,514 to ₦ 26,521,250. The average price has had spectacular rise of 19 % with an average price of ₦ 22,051,382 during the previous 4 months and ₦ 26,282,500 during the most recent months in June and July.
The average price for Lexus GX has had a strong rise in recent years. Between 2004 and 2013, the average price is ₦ 8,011,258.5. There was a significant inflation of the average price in 2004 (₦ 3,350,000) moving up till (₦ 14,833,333)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 175 %. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₦ 23,148,542 in 2016 and ₦ 24,233,334 during 2018.
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 83 % more affordable than the average price (₦ 26,407,500). Next with a price of ₦ 6,582,250 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 8% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₦ 20,150,000.