Mercedes Benz E500 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 E500 cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 1,190,000. During November there was a slight reduction in the selling prices dropping till ₦ 1,105,000. The following two months the selling price went through a strong reduction of -20 % compared to the previous two months studied. In the last two, the price has gone through a -10 % devaluation compared to the previous average values going down from ₦ 1,034,241.5 to ₦ 931,125 during February and March.
The average price for Mercedes Benz E500 has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2004 to 2010, the average price was ₦ 1,316,145.75. Please take note of of the significant depreciation in the prices between 2004 (₦ 1,641,250) and 2010 (₦ 365,000).
The graph that displays the price for Mercedes Benz E500 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 58 % more affordable than the average price (₦ 1,024,250). Next with a price of ₦ 525,000 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 49% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₦ 433,333.