Mitsubishi Galant 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 Mitsubishi Galant cars has had a strong depreciation during the last 6 months we have studied. The average price for November is ₦ 796,087. During December there was a slight reduction in the selling prices dropping till ₦ 721,111. The following two months the selling price went through a strong reduction of -35 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -25 % compared to the 4 previous average values going down from ₦ 625,394.75 to ₦ 471,682.5.
The average price for Mitsubishi Galant has had a strong rise in recent years. Between 2007 and 2012, the average price is ₦ 543,750. There was a significant inflation of the average price in 2007 (₦ 450,000) moving up till (₦ 637,500)in 2012.