Nissan Armada 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 Armada cars has had a strong depreciation during the last 6 months we have studied. In September the average price per vehicle is ₦ 3,946,913. During October the price went trough a strong deflation till ₦ 3,277,933. The following two months (November, December) the selling price went through a devaluation of -5 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -56 % compared to the 4 previous average values going down from ₦ 3,517,941.75 to ₦ 1,560,000.
The average price for Nissan Armada has had a strong rise in recent years. Between "before 2000" and 2006, the average price is ₦ 1,616,938.5. There was a significant inflation of the average price in "before 2000" (₦ 400,000) moving up till (₦ 2,766,667)in 2006. During the next two years (2007, 2008), the average price went up 12 % moving from !PRECIO1! to ₦ 1,812,500, During the last two years, prices in the car industry have gone through a strong rise of 38 % 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 (₦ 2,909,000) and the the last two years that have been analyzed (2009, 2014) with a price of ₦ 4,005,500.
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 22 % more affordable than the average price (₦ 1,287,500). Next with a price of ₦ 3,782,857 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 348% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 3,782,857.