Mercedes Benz ML350 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 ML350 cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 971,750. During November the price went trough a strong deflation till ₦ 647,015. The following two months the selling price went through a strong reduction of -16 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -26 % compared to the 4 previous average values going down from ₦ 744,242.25 to ₦ 550,129.
The average price for Mercedes Benz ML350 has had a strong rise in recent years. Between 2005 y 2010, the average price is ₦ 946,435.19. There was a price inflation going from (₦ 662,500) to (₦ 716,667). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -50 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 64 % 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 (₦ 1,330,113.75) and the the last two years that have been analyzed (2013, 2014) with a price of ₦ 2,187,500.
The graph that displays the price for Mercedes Benz ML350 cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 17 % more affordable than the average price (₦ 528,036). Next with a price of ₦ 521,250 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 273% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 558,333.