Nissan Murano 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 Murano cars has had a strong depreciation during the last 6 months we have studied. The average price for July is ₦ 1,964,287. During August there was a slight reduction in the selling prices dropping till ₦ 1,786,938. The average selling price has remained fairly constant during the following two months, going from ₦ 1,875,612.5 to ₦ 1,791,642.5. In the last two months, the price has gone through a strong devaluation of -20 % compared to the 4 previous average values going down from ₦ 1,833,627.5 to ₦ 1,471,937.5.
The average price for Nissan Murano has had a strong rise in recent years. Between 2003 and 2010, the average price is ₦ 1,454,239.12. There was a significant inflation of the average price in 2003 (₦ 1,180,000) moving up till (₦ 1,923,529)in 2010. Cars belonging to the model aforementioned had a price deflation of -9 percent in the next two years (2011, 2012) compared to the previous two years. During the last two years, prices in the car industry have gone through a strong rise of 32 % 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 (₦ 1,926,388.75) and the the last two years that have been analyzed (2013, 2014) with a price of ₦ 2,533,333.
The graph that displays the price for Nissan Murano 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 42 % more affordable than the average price (₦ 1,529,500). Next with a price of ₦ 1,626,667 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 91% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 2,193,846.