Nissan Micra 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 Micra cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 1,274,875. During November there was a slight reduction in the selling prices dropping till ₦ 1,186,493. The following two months the selling price went through a strong reduction of -31 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -40 % compared to the 4 previous average values going down from ₦ 1,040,074.75 to ₦ 627,095.
The average price for Nissan Micra has gone through a significant depreciation in recent years. During "before 2000" and "before 2000", the average price was ₦ 2,370,000. During this period, prices pretty much remained constant. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -58 % compared to the previous period. During the last two years, the car industry has had a strong deflation in its selling prices of -27 % 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 (₦ 776,909.75) and the the last two years (2006, 2013) with a price of ₦ 566,944.5.
The graph that displays the price for Nissan Micra 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 (₦ 622,240). Next with a price of ₦ 620,000 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 0% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₦ 300,000.