Nissan Altima Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Nissan Altima cars have gone through a strong rise during the last 6 months. During the first month analyzed in July the average price was ₦ 2,147,250. August went through a strong inflation with a rise in the price till ₦ 3,045,825. During the following two months (September, October) the average selling price experienced a noticeable rise, going up 27 % from ₦ 2,596,537.5 to ₦ 3,289,312.5. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 2,942,925 to ₦ 2,951,937.5 during November and December.
The average price for Nissan Altima has had a strong rise in recent years. Between 2002 and 2013, the average price is ₦ 2,265,202. There was a significant inflation of the average price in 2002 (₦ 1,416,667) moving up till (₦ 3,983,333)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 82 %. During the last two years, prices in the car industry have gone through a strong rise of 17 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₦ 4,990,908) and the the last two years that have been analyzed (2016, 2018) with a price of ₦ 5,848,333.5.
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 33 % more affordable than the average price (₦ 2,910,125). Next with a price of ₦ 2,839,286 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 277% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 3,840,000.