Mercedes Benz S Class 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 S Class cars have increased during the last 6 months. The average price in June was of ₦ 6,455,138. This price hardly went through any changes and remained at ₦ 6,573,831 during July. The average selling price has remained fairly constant during the following two months, going from ₦ 6,514,484.5 to ₦ 6,756,755.5. The average price has risen 6 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 7,002,893.5) during October and November.
The average price for Mercedes Benz S Class has had a strong rise in recent years. Between 2005 and 2008, the average price is ₦ 5,115,445.5. There was a significant inflation of the average price in 2005 (₦ 3,036,000) moving up till (₦ 6,119,353)in 2008. During the next two years (2009, 2010) the price for the aforementioned model has gone up strongly a 64 %. During the last two years, prices in the car industry have gone through a strong rise of 17 % 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 (₦ 10,090,946) and the the last two years that have been analyzed (2012, 2013) with a price of ₦ 11,789,286.
The graph that displays the price for Mercedes Benz S Class cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 8 % more affordable than the average price (₦ 6,762,689). Next with a price of ₦ 6,480,513 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 90% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 8,321,428.