Nissan Micra 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 Micra cars have gone through a strong rise during the last 6 months. The average price in March was of ₦ 985,338. This price hardly went through any changes and remained at ₦ 941,896 during April. During the following two months (May, June) the average selling price experienced a noticeable rise, going up 19 % from ₦ 963,617 to ₦ 1,142,953. The average price has had spectacular rise of 20 % with an average price of ₦ 1,053,285 during the previous 4 months and ₦ 1,266,972 during the most recent months in July and August.
The average price for Nissan Micra has gone down in recent years. During the first sample analyzed, going from "before 2000" to 2003, the average price was ₦ 1,132,439.38. Please take note of of the significant depreciation in the prices between "before 2000" (₦ 1,423,889) and 2003 (₦ 1,066,000). During the next two years (2004, 2005) the price for the aforementioned model has gone up strongly a 67 %. During the last two years, the car industry has had a strong deflation in its selling prices of -16 % 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 (₦ 1,628,250) and the the last two years (2006, 2008) with a price of ₦ 1,360,250.
The graph that displays the price for Nissan Micra 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 15 % more affordable than the average price (₦ 1,230,786). Next with a price of ₦ 1,533,333 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 78% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 1,561,000.