Nissan Sentra 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 Sentra cars has had a strong depreciation during the last 6 months we have studied. In May the average price per vehicle is ₦ 3,644,082. During June the price went trough a strong deflation till ₦ 2,898,909. The following two months (July, August) the selling price went through a devaluation of -7 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -18 % compared to the 4 previous average values going down from ₦ 3,157,175 to ₦ 2,575,659.5.
The average price for Nissan Sentra has had a strong rise in recent years. Between 2003 and 2010, the average price is ₦ 1,432,222.25. There was a significant inflation of the average price in 2003 (₦ 343,750) moving up till (₦ 1,140,000)in 2010. During the next two years (2012, 2013) the price for the aforementioned model has gone up strongly a 169 %. During the last two years, prices in the car industry have gone through a strong rise of 17 % 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 (₦ 4,635,486) and the the last two years that have been analyzed (2014, 2015) with a price of ₦ 5,417,500.
The graph that displays the price for Nissan Sentra cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 47 % more affordable than the average price (₦ 2,562,857). Next with a price of ₦ 2,543,750 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 43% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 2,557,576.