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 October the average price per vehicle is ₦ 2,931,500. During November the price went trough a strong deflation till ₦ 2,404,875. The following two months the selling price went through a strong reduction of -35 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -38 % compared to the 4 previous average values going down from ₦ 2,204,563.75 to ₦ 1,357,805.
The average price for Peugeot 307 has had a strong rise in recent years. Between "before 2000" and 2005, the average price is ₦ 1,124,055.62. There was a significant inflation of the average price in "before 2000" (₦ 717,778) moving up till (₦ 2,115,000)in 2005. During the next two years (2006, 2007) the price for the aforementioned model has gone up strongly a 81 %. During the last two years, prices in the car industry have experienced a depreciation of -13 % 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 (₦ 1,799,334) and the the last two years analyzed (2008, 2010) with a price of ₦ 1,569,668.
The graph that displays the price for Peugeot 307 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 53 % more affordable than the average price (₦ 1,229,058). Next with a price of ₦ 1,023,939 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 92% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 2,070,560.