Nissan Armada 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 Armada cars have gone through a strong rise during the last 6 months. In June the price for a car is ₦ 3,110,417 increasing till ₦ 3,461,176 in July. During the following two months (August, September) the average selling price experienced a noticeable rise, going up 22 % from ₦ 3,285,796.5 to ₦ 4,020,706.5. In the last two, the price has gone through a -9 % devaluation compared to the previous average values going down from ₦ 3,653,251.5 to ₦ 3,332,855.5 during October and November.
The average price for Nissan Armada has had a strong rise in recent years. Between 2004 and 2005, the average price is ₦ 2,389,500. There was a significant inflation of the average price in 2004 (₦ 2,075,000) moving up till (₦ 2,704,000)in 2005. During the next two years the average price(₦ 2,296,250) has hardly changed, remaining at a constant value compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 50 % 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 (₦ 4,595,000) and the the last two years that have been analyzed (2008, 2014) with a price of ₦ 6,893,750.
The graph that displays the price for Nissan Armada 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 21 % more affordable than the average price (₦ 3,387,778). Next with a price of ₦ 3,272,222 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 72% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 3,272,222.