Mercury Villager 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 Mercury Villager cars has had a strong depreciation during the last 6 months we have studied. During the first month analyzed in November the average price was ₦ 1,257,500. December went through a strong inflation with a rise in the price till ₦ 1,560,000. The following two months the selling price went through a strong reduction of -100 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -50 % compared to the 4 previous average values going down from ₦ 704,375 to ₦ 350,000.