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. The average price in September was of ₦ 2,698,611. This price hardly went through any changes and remained at ₦ 2,698,611 during October. The following two months the selling price went through a strong reduction of -75 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -40 % compared to the 4 previous average values going down from ₦ 1,680,700.75 to ₦ 1,012,747.
The average price for Nissan Altima has had a strong rise in recent years. Between "before 2000" and 2012, the average price is ₦ 785,531.56. There was a significant inflation of the average price in "before 2000" (₦ 268,889) moving up till (₦ 1,325,000)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 43 %. During the last two years, prices in the car industry have gone up 14 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₦ 1,302,604.25) and the the last two years that were studied (2015, 2016) with a price of ₦ 1,480,208.5.