Mercedes Benz S Class 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 S Class cars has had a strong depreciation during the last 6 months we have studied. The average price in October was of ₦ 8,207,481. This price hardly went through any changes and remained at ₦ 8,509,375 during November. The following two months the selling price went through a strong reduction of -19 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -47 % compared to the 4 previous average values going down from ₦ 7,564,006 to ₦ 3,993,958.5.
The average price for Mercedes Benz S Class has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2007 to 2008, the average price was ₦ 3,745,000. Please take note of of the significant depreciation in the prices between 2007 (₦ 6,090,000) and 2008 (₦ 1,400,000).