Nissan 350Z 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 Nissan 350Z cars has had a strong depreciation during the last 6 months we have studied. In May the average price per vehicle is ₦ 1,450,000. During June the price went trough a strong deflation till ₦ 425,000. The average selling price has remained fairly constant during the following two months, going from ₦ 937,500 to ₦ 915,000. In the last two months, the price has gone through a strong devaluation of -49 % compared to the 4 previous average values going down from ₦ 926,250 to ₦ 475,035.5.
The average price for Nissan 350Z has had a strong rise in recent years. During 2005 and 2008, the average price was ₦ 470,625. During this period, prices pretty much remained constant. During the next two years (2010, 2011) the price for the aforementioned model has gone up strongly a 22 %. During the last two years, prices in the car industry have experienced a depreciation of -7 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₦ 533,541.75) and the the last two years analyzed (2012, 2013) with a price of ₦ 493,750.
The graph that displays the price for Nissan 350Z cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 10 % more affordable than the average price (₦ 472,258). Next with a price of ₦ 500,000 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 45% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 590,000.