Peugeot 206 Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Peugeot 206 cars have gone through a strong rise during the last 6 months. The average price in January was of ₦ 701,691. This price hardly went through any changes and remained at ₦ 724,390 during February. During the following two months (March, April) the average selling price experienced a noticeable rise, going up 22 % from ₦ 713,040.5 to ₦ 870,875. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 791,957.75 to ₦ 819,747.5 during May and June.
The average price for Peugeot 206 has had a strong rise in recent years. Between "before 2000" y 2003, the average price is ₦ 812,001.81. There was a price inflation going from (₦ 717,857) to (₦ 811,875). During the next two years the average price(₦ 829,303) 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 6 % 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 (₦ 878,540.5) and the the last two years that were studied (2006, 2007) with a price of ₦ 927,778.
The graph that displays the price for Peugeot 206 cars according to their mileage shows that those cars within a mileage range of "10,000 - 25,000" are the ones with the lowest price. They are 8 % more affordable than the average price (₦ 824,247). Next with a price of ₦ 800,000 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 22% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 892,400.