Mitsubishi Lancer 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 Lancer cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 1,177,500. During November the price went trough a strong deflation till ₦ 971,875. The following two months the selling price went through a strong reduction of -43 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -29 % compared to the 4 previous average values going down from ₦ 843,278.25 to ₦ 598,159.5.
The average price for Mitsubishi Lancer has had a strong rise in recent years. Between 2010 and 2013, the average price is ₦ 603,333.31. There was a significant inflation of the average price in 2010 (₦ 375,000) moving up till (₦ 716,667)in 2013.