Mercedes Benz GLK 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 GLK cars have gone through a strong rise during the last 6 months. During the first month analyzed in July the average price was ₦ 4,013,542. August went through a strong inflation with a rise in the price till ₦ 5,916,667. During the following two months (September, October) the average selling price experienced a noticeable rise, going up 47 % from ₦ 4,965,104.5 to ₦ 7,287,500. In the last two months, the price has gone through a strong devaluation of -54 % compared to the 4 previous average values going down from ₦ 6,126,302 to ₦ 2,831,250.
The average price for Mercedes Benz GLK has had a strong rise in recent years. Between 2011 and 2013, the average price is ₦ 3,925,000. There was a significant inflation of the average price in 2011 (₦ 2,850,000) moving up till (₦ 5,000,000)in 2013.