Mercedes Benz C Class Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Mercedes Benz C Class cars have gone through a strong rise during the last 6 months. During the first month analyzed in December the average price was ₦ 3,705,375. January went through a strong inflation with a rise in the price till ₦ 5,271,250. During the following two months (February, March) the average selling price experienced a noticeable rise, going up 24 % from ₦ 4,488,312.5 to ₦ 5,563,125. In the last two months, the price has gone through a strong devaluation of -32 % compared to the 4 previous average values going down from ₦ 5,025,719 to ₦ 3,397,500.
The average price for Mercedes Benz C Class has had a strong rise in recent years. Between "before 2000" and 2010, the average price is ₦ 1,783,504.62. There was a significant inflation of the average price in "before 2000" (₦ 589,750) moving up till (₦ 2,266,667)in 2010. During the next two years (2011, 2015) the price for the aforementioned model has gone up strongly a 335 %. During the last two years, prices in the car industry have gone up 14 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₦ 9,020,833) and the the last two years that were studied (2016, 2017) with a price of ₦ 10,291,666.
The graph that displays the price for Mercedes Benz C Class cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 36 % more affordable than the average price (₦ 2,913,750). Next with a price of ₦ 3,194,444 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 372% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 7,442,857.