Mercedes Benz S500 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 S500 cars have increased during the last 6 months. In October the price for a car is ₦ 659,286 increasing till ₦ 720,909 in November. During the following two months (December, January) the average selling price rose somewhat going from ₦ 690,097.5 to ₦ 770,278. In the last two, the price has gone through a -6 % devaluation compared to the previous average values going down from ₦ 730,187.75 to ₦ 683,055.5 during February and March.
The average price for Mercedes Benz S500 has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2007 to 2011, the average price was ₦ 1,600,000. Please take note of of the significant depreciation in the prices between 2007 (₦ 2,500,000) and 2011 (₦ 700,000).