Price for Mercedes Benz ML320

The retail prices for Mercedes Benz ML320 cars have increased during the last 6 months. In October the price for a car is ₦ 514,815 increasing till ₦ 552,632 in November. The average selling price has remained fairly constant during the following two months, going from ₦ 533,723.5 to ₦ 538,924. The average price has risen 5 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 563,765) during February and March.

The average price for Mercedes Benz ML320 has gone through a significant depreciation in recent years. During the first sample analyzed, going from "before 2000" to 2000, the average price was ₦ 825,000. Please take note of of the significant depreciation in the prices between "before 2000" (₦ 1,100,000) and 2000 (₦ 550,000). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -49 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 42 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₦ 720,625) and the the last two years that have been analyzed (2006, 2007) with a price of ₦ 1,020,416.5.

The graph that displays the price for Mercedes Benz ML320 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 53 % more affordable than the average price (₦ 580,238). Next with a price of ₦ 440,000 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 34% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 587,500.