Mercedes Benz GLK Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for Mercedes Benz GLK cars have remained constant in the last 6 months. The average price in February was of ₦ 11,183,750. This price hardly went through any changes and remained at ₦ 11,429,375 during March. The average selling price has remained fairly constant during the following two months, going from ₦ 11,306,562 to ₦ 11,425,625. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 11,366,094 to ₦ 11,494,438 during June and July.
The average price for Mercedes Benz GLK has had a strong rise in recent years. Between 2008 and 2012, the average price is ₦ 6,562,611. There was a significant inflation of the average price in 2008 (₦ 4,570,000) moving up till (₦ 7,908,875)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 55 %. During the last two years, prices in the car industry have experienced a depreciation of -10 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₦ 9,222,762) and the the last two years analyzed (2015, 2018) with a price of ₦ 8,301,398.5.
The graph that displays the price for Mercedes Benz GLK cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 42 % more affordable than the average price (₦ 11,805,750). Next with a price of ₦ 8,100,000 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 10% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₦ 10,488,125.