Mazda B-series 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 B-series cars has had a strong depreciation during the last 6 months we have studied. The average price for November is ₦ 581,667. During December there was a slight reduction in the selling prices dropping till ₦ 549,000. The following two months the selling price went through a strong reduction of -21 % compared to the previous two months studied. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from ₦ 506,333.25 to ₦ 445,078 during March and April.
The average price for Mazda B-series has had a strong rise in recent years. During 2004 and 2004, the average price was ₦ 260,000. During this period, prices pretty much remained constant. During the next two years (2008, 2009) the price for the aforementioned model has gone up strongly a 147 %. During the last two years, prices in the car industry have experienced a depreciation of -7 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₦ 599,375) and the the last two years analyzed (2011, 2013) with a price of ₦ 557,500.
The graph that displays the price for Mazda B-series 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 11 % more affordable than the average price (₦ 440,526). Next with a price of ₦ 465,556 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 38% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 525,000.