Mercedes Benz C320 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 C320 cars has had a strong depreciation during the last 6 months we have studied. The average price in October was of ₦ 1,303,818. This price hardly went through any changes and remained at ₦ 1,297,941 during November. The following two months the selling price went through a strong reduction of -32 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -39 % compared to the 4 previous average values going down from ₦ 1,092,348 to ₦ 661,554.
The average price for Mercedes Benz C320 has had a strong rise in recent years. During 2008 and 2008, the average price was ₦ 600,000. During this period, prices pretty much remained constant. During the next two years (2009, 2010) the price for the aforementioned model has gone up strongly a 240 %. During the last two years, the car industry has had a strong deflation in its selling prices of -59 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 1,280,625) and the the last two years (2013, 2014) with a price of ₦ 518,750.
The graph that displays the price for Mercedes Benz C320 cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 40 % more affordable than the average price (₦ 745,400). Next with a price of ₦ 687,500 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 11% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₦ 687,500.