Mercedes Benz 240 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 Mercedes Benz 240 cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 1,042,857. During November the price went trough a strong deflation till ₦ 860,000. The following two months (December, January) the selling price went through a devaluation of -10 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 905,714.25 to ₦ 880,000 during February and March.