Peugeot 307 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 Peugeot 307 cars has had a strong depreciation during the last 6 months we have studied. In December the average price per vehicle is ₦ 1,307,438. During January the price went trough a strong deflation till ₦ 979,883. The following two months the selling price went through a strong reduction of -27 % compared to the previous two months studied. The average price has had spectacular rise of 40 % with an average price of ₦ 991,856.25 during the previous 4 months and ₦ 1,385,556 during the most recent months in April and May.
The average price for Peugeot 307 has had a strong rise in recent years. Between 2001 and 2007, the average price is ₦ 921,615.56. There was a significant inflation of the average price in 2001 (₦ 600,855) moving up till (₦ 1,159,178)in 2007. During the next two years the average price(₦ 956,494) has hardly changed, remaining at a constant value compared to the previous period. During the last two years, the car industry has had a strong deflation in its selling prices of -18 % 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 (₦ 809,199.5) and the the last two years (2010, 2011) with a price of ₦ 661,905.
The graph that displays the price for Peugeot 307 cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 40 % more affordable than the average price (₦ 1,418,906). Next with a price of ₦ 920,642 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 100,000". It is 24% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₦ 1,037,500.