Nissan Pathfinder 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 Pathfinder cars has had a strong depreciation during the last 6 months we have studied. In May the price for a car is ₦ 1,029,969 increasing till ₦ 1,149,125 in June. The following two months the selling price went through a strong reduction of -20 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -29 % compared to the 4 previous average values going down from ₦ 977,972.75 to ₦ 695,063.5.
The average price for Nissan Pathfinder has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2001 to 2009, the average price was ₦ 983,198.88. Please take note of of the significant depreciation in the prices between 2001 (₦ 1,354,167) and 2009 (₦ 705,000). 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, prices in the car industry have gone through a strong rise of 24 % 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 (₦ 539,652.75) and the the last two years that have been analyzed (2012, 2013) with a price of ₦ 670,833.5.
The graph that displays the price for Nissan Pathfinder 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 9 % more affordable than the average price (₦ 709,688). Next with a price of ₦ 657,222 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 173% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 1,465,000.