Mitsubishi Spacewagon 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 Spacewagon cars has had a strong depreciation during the last 6 months we have studied. In October the price for a car is ₦ 1,012,941 increasing till ₦ 1,088,367 in November. The following two months (December, January) the selling price went through a devaluation of -8 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -55 % compared to the 4 previous average values going down from ₦ 1,006,993.75 to ₦ 456,818.
The average price for Mitsubishi Spacewagon has had a strong rise in recent years. Between 2002 and 2003, the average price is ₦ 691,666.5. There was a significant inflation of the average price in 2002 (₦ 450,000) moving up till (₦ 933,333)in 2003.