Nissan Versa 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 Versa cars has had a strong depreciation during the last 6 months we have studied. In December the average price per vehicle is ₦ 2,327,083. During January the price went trough a strong deflation till ₦ 1,462,062. The following two months (February, March) the selling price went through a devaluation of -14 percent in the average selling price compared to the previous two months analyzed. The average price has had spectacular rise of 41 % with an average price of ₦ 1,765,980.25 during the previous 4 months and ₦ 2,492,236 during the most recent months in April and May.
The average price for Nissan Versa has had a strong rise in recent years. During 2007 and 2007, the average price was ₦ 2,266,667. During this period, prices pretty much remained constant. During the next two years (2008, 2011) the price for the aforementioned model has gone up strongly a 35 %. During the last two years, prices in the car industry have experienced a depreciation of -10 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₦ 2,767,708.5) and the the last two years analyzed (2012, 2013) with a price of ₦ 2,478,333.5.
The graph that displays the price for Nissan Versa 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 44 % more affordable than the average price (₦ 2,780,278). Next with a price of ₦ 3,600,000 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 44% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 3,600,000.