Nissan Quest 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 Quest cars have gone through a strong rise during the last 6 months. During the first month analyzed in July the average price was ₦ 1,306,780. August went through a strong inflation with a rise in the price till ₦ 1,964,651. The following two months (September, October) the selling price went through a devaluation of -9 percent in the average selling price compared to the previous two months analyzed. The average price has had spectacular rise of 53 % with an average price of ₦ 1,561,817.25 during the previous 4 months and ₦ 2,396,906.5 during the most recent months in November and December.
The average price for Nissan Quest has had a strong rise in recent years. Between 2000 and 2005, the average price is ₦ 1,248,809.5. There was a significant inflation of the average price in 2000 (₦ 514,286) moving up till (₦ 1,983,333)in 2005. During the next two years (2006, 2008) the price for the aforementioned model has gone up strongly a 109 %. During the last two years, prices in the car industry have gone through a strong rise of 26 % 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 (₦ 3,506,249.75) and the the last two years that have been analyzed (2011, 2012) with a price of ₦ 4,404,166.5.
The graph that displays the price for Nissan Quest 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 12 % more affordable than the average price (₦ 2,805,313). Next with a price of ₦ 4,152,500 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 48% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 2,460,000.