Nissan Caravan 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 Caravan cars have gone through a strong rise during the last 6 months. During the first month analyzed in March the average price was ₦ 2,120,000. April went through a strong inflation with a rise in the price till ₦ 3,828,543. During the following two months (May, June) the average selling price experienced a noticeable rise, going up 29 % from ₦ 2,974,271.5 to ₦ 3,838,173.5. The average price has had spectacular rise of 22 % with an average price of ₦ 3,406,222.5 during the previous 4 months and ₦ 4,140,406.5 during the most recent months in July and August.
The average price for Nissan Caravan has had a strong rise in recent years. Between "before 2000" and 2000, the average price is ₦ 2,559,166.5. There was a significant inflation of the average price in "before 2000" (₦ 2,085,000) moving up till (₦ 3,033,333)in 2000. During the next two years (2005, 2006) the price for the aforementioned model has gone up strongly a 52 %. During the last two years, prices in the car industry have gone through a strong rise of 40 % 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 (₦ 6,527,056) and the the last two years that have been analyzed (2008, 2015) with a price of ₦ 9,163,636.
The graph that displays the price for Nissan Caravan cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 7 % more affordable than the average price (₦ 4,166,667). Next with a price of ₦ 3,916,667 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 101% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 5,816,667.