Nissan Frontier 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 Frontier cars has had a strong depreciation during the last 6 months we have studied. The average price in September was of ₦ 4,397,988. This price hardly went through any changes and remained at ₦ 4,391,362 during October. The following two months the selling price went through a strong reduction of -43 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -77 % compared to the 4 previous average values going down from ₦ 3,448,634.25 to ₦ 790,614.5.
The average price for Nissan Frontier has had a strong rise in recent years. Between 2000 and 2007, the average price is ₦ 1,458,339.25. There was a significant inflation of the average price in 2000 (₦ 600,000) moving up till (₦ 1,500,000)in 2007. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -15 % compared to the previous period. During the last two years, the car industry has had a strong deflation in its selling prices of -56 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 788,053.5) and the the last two years (2012, 2013) with a price of ₦ 342,857.
The graph that displays the price for Nissan Frontier cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 52 % more affordable than the average price (₦ 805,096). Next with a price of ₦ 706,250 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 107% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 1,605,000.