Nissan Altima 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 Altima cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 3,646,875. During November the price went trough a strong deflation till ₦ 2,980,548. The following two months the selling price went through a strong reduction of -33 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -28 % compared to the 4 previous average values going down from ₦ 2,775,002.5 to ₦ 1,987,623.
The average price for Nissan Altima has had a strong rise in recent years. Between 2005 and 2008, the average price is ₦ 1,784,450. There was a significant inflation of the average price in 2005 (₦ 850,000) moving up till (₦ 2,718,900)in 2008. During the next two years (2010, 2014) the price for the aforementioned model has gone up strongly a 86 %. During the last two years, prices in the car industry have experienced a depreciation of -11 % 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 (₦ 2,991,947) and the the last two years analyzed (2015, 2016) with a price of ₦ 2,671,394.
The graph that displays the price for Nissan Altima 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 39 % more affordable than the average price (₦ 1,894,029). Next with a price of ₦ 3,265,333 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 77% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 3,265,333.