Mercedes Benz GLK Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Mercedes Benz GLK cars have increased during the last 6 months. In October the price for a car is ₦ 9,695,625 increasing till ₦ 10,313,125 in November. During the following two months (December, January) the average selling price rose somewhat going from ₦ 10,004,375 to ₦ 10,604,500. The average price has risen 10 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 11,306,562) during February and March.
The average price for Mercedes Benz GLK has had a strong rise in recent years. Between 2008 and 2011, the average price is ₦ 6,292,346.5. There was a significant inflation of the average price in 2008 (₦ 5,400,000) moving up till (₦ 6,939,125)in 2011. During the next two years (2012, 2013) the price for the aforementioned model has gone up strongly a 32 %. During the last two years, prices in the car industry have gone up 11 % 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 (₦ 9,350,894) and the the last two years that were studied (2014, 2015) with a price of ₦ 10,408,176.
The graph that displays the price for Mercedes Benz GLK cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 40 % more affordable than the average price (₦ 11,429,375). Next with a price of ₦ 7,122,557 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 100,000". It is 10% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₦ 9,850,000.