Nissan Serena 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 Serena cars has had a strong depreciation during the last 6 months we have studied. The average price in March was of ₦ 1,549,500. This price hardly went through any changes and remained at ₦ 1,576,667 during April. The following two months the selling price went through a strong reduction of -26 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -48 % compared to the 4 previous average values going down from ₦ 1,363,597.75 to ₦ 707,310.5.
The average price for Nissan Serena has had a strong rise in recent years. During "before 2000" and "before 2000", the average price was ₦ 423,810. During this period, prices pretty much remained constant. During the next two years (2000, 2001) the price for the aforementioned model has gone up strongly a 270 %. During the last two years, the car industry has had a strong deflation in its selling prices of -35 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 1,161,875) and the the last two years (2002, 2004) with a price of ₦ 755,000.
The graph that displays the price for Nissan Serena 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 33 % more affordable than the average price (₦ 642,500). Next with a price of ₦ 1,364,286 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 112% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 428,889.