Lexus SC 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 Lexus SC cars has had a strong depreciation during the last 6 months we have studied. During the first month analyzed in October the average price was ₦ 1,363,261. November went through a strong inflation with a rise in the price till ₦ 1,605,455. 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 -61 % compared to the 4 previous average values going down from ₦ 1,153,901 to ₦ 454,882.5.
The average price for Lexus SC has become more expensive in recent years. During 2004 and 2004, the average price was ₦ 550,000. During this period, prices pretty much remained constant. Cars belonging to the model aforementioned had a price deflation of -14 percent in the next two years (2008, 2009) compared to the previous two years. During the last two years, prices in the car industry have gone through a strong rise of 24 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₦ 622,500) and the the last two years that have been analyzed (2010, 2013) with a price of ₦ 771,666.5.
The graph that displays the price for Lexus SC 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 14 % more affordable than the average price (₦ 454,348). Next with a price of ₦ 550,000 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 120% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 550,000.