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 May the average price was ₦ 2,632,375. June went through a strong inflation with a rise in the price till ₦ 3,438,312. During the following two months (July, August) the average selling price rose somewhat going from ₦ 3,035,343.5 to ₦ 3,349,387.5. The average price has had spectacular rise of 19 % with an average price of ₦ 3,192,365.5 during the previous 4 months and ₦ 3,794,250 during the most recent months in September and October.
The average price for Nissan Altima has had a strong rise in recent years. Between 2000 and 2013, the average price is ₦ 2,353,401.75. There was a significant inflation of the average price in 2000 (₦ 1,050,000) moving up till (₦ 4,578,571)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 95 %. During the last two years, prices in the car industry have gone through a strong rise of 27 % 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 (₦ 6,270,655) and the the last two years that have been analyzed (2016, 2017) with a price of ₦ 7,955,833.5.
The graph that displays the price for Nissan Altima cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 38 % more affordable than the average price (₦ 3,646,875). Next with a price of ₦ 2,420,152 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 5% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 3,091,667.