Mazda CX-9 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 CX-9 cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 8,004,250. During November there was a slight reduction in the selling prices dropping till ₦ 7,290,875. The following two months the selling price went through a strong reduction of -46 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -63 % compared to the 4 previous average values going down from ₦ 5,884,025 to ₦ 2,158,209.5.
The average price for Mazda CX-9 has remained constant in recent years. During the first sample analyzed, going from 2007 to 2009, the average price was ₦ 2,254,041.75. Please take note of of the significant depreciation in the prices between 2007 (₦ 2,250,000) and 2009 (₦ 1,887,500). During the next two years (2010, 2011), the average price went up 11 % moving from !PRECIO1! to ₦ 2,508,333.5, During the last two years, prices in the car industry have experienced a depreciation of -8 % 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 (₦ 2,329,166.75) and the the last two years analyzed (2012, 2013) with a price of ₦ 2,150,000.
The graph that displays the price for Mazda CX-9 cars according to their mileage shows that those cars within a mileage range of "10,000 - 25,000" are the ones with the lowest price. They are 73 % more affordable than the average price (₦ 2,074,281). Next with a price of ₦ 750,000 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 54% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 2,589,375.