Nissan Quest 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 Quest cars has had a strong depreciation during the last 6 months we have studied. In March the average price per vehicle is ₦ 2,650,417. During April the price went trough a strong deflation till ₦ 1,683,750. The following two months the selling price went through a strong reduction of -19 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -17 % compared to the 4 previous average values going down from ₦ 1,964,762.25 to ₦ 1,635,715.5.
The average price for Nissan Quest has had a strong rise in recent years. Between 2000 and 2006, the average price is ₦ 749,074. There was a significant inflation of the average price in 2000 (₦ 408,333) moving up till (₦ 505,556)in 2006. During the next two years (2007, 2008) the price for the aforementioned model has gone up strongly a 178 %. 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 (₦ 3,070,729.25) and the the last two years that have been analyzed (2011, 2012) with a price of ₦ 4,058,125.
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 25 % more affordable than the average price (₦ 1,964,651). Next with a price of ₦ 3,941,667 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 106% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 3,941,667.