Peugeot 406 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 406 cars have gone through a strong rise during the last 6 months. In February the price for a car is ₦ 855,444 increasing till ₦ 902,494 in March. During the following two months (April, May) the average selling price experienced a noticeable rise, going up 48 % from ₦ 878,969 to ₦ 1,302,097. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 1,090,533 to ₦ 1,095,047 during June and July.
The average price for Peugeot 406 has had a strong rise in recent years. Between "before 2000" and 2008, the average price is ₦ 657,601.31. There was a significant inflation of the average price in "before 2000" (₦ 497,059) moving up till (₦ 758,824)in 2008. Cars belonging to the model aforementioned had a price deflation of -14 percent in the next two years (2009, 2010) compared to the previous two years. During the last two years, the car industry has had a strong deflation in its selling prices of -24 % 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 (₦ 452,916.75) and the the last two years (2011, 2013) with a price of ₦ 343,333.5.
The graph that displays the price for Peugeot 406 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 41 % more affordable than the average price (₦ 1,053,344). Next with a price of ₦ 728,125 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 9% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₦ 870,625.