Mazda 5 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 Mazda 5 cars has had a strong depreciation during the last 6 months we have studied. The average price for November is ₦ 2,749,524. During December there was a slight reduction in the selling prices dropping till ₦ 2,596,667. 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 -57 % compared to the 4 previous average values going down from ₦ 2,074,985.25 to ₦ 897,321.5.
The average price for Mazda 5 has had a strong rise in recent years. Between 2006 and 2012, the average price is ₦ 1,016,666.69. There was a significant inflation of the average price in 2006 (₦ 850,000) moving up till (₦ 1,550,000)in 2012.