Nissan X-Trail 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 X-Trail cars has had a strong depreciation during the last 6 months we have studied. The average price in May was of ₦ 1,561,333. This price hardly went through any changes and remained at ₦ 1,505,769 during June. The average selling price has remained fairly constant during the following two months, going from ₦ 1,533,551 to ₦ 1,567,021.5. In the last two months, the price has gone through a strong devaluation of -53 % compared to the 4 previous average values going down from ₦ 1,550,286.25 to ₦ 735,137.
The average price for Nissan X-Trail has had a strong rise in recent years. During the first sample analyzed (2002 - 2009), the average selling price stood at ₦ 919,583.38. During this time, the price for 2002 which was ₦ 325,000 decreased to ₦ 293,750 during 2009. During the next two years the average price(₦ 913,333.5) has hardly changed, remaining at a constant value compared to the previous period. During the last two years, prices in the car industry have gone up 7 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₦ 982,113.25) and the the last two years that were studied (2012, 2013) with a price of ₦ 1,050,893.
The graph that displays the price for Nissan X-Trail cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 43 % more affordable than the average price (₦ 673,521). Next with a price of ₦ 506,250 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 312% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 558,889.