Peugeot 406 Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for Peugeot 406 cars have remained constant in the last 6 months. In December the price for a car is ₦ 1,188,260 increasing till ₦ 1,259,500 in January. The average selling price has remained fairly constant during the following two months, going from ₦ 1,223,880 to ₦ 1,180,812.5. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 1,202,346.25 to ₦ 1,151,562.5 during April and May.
The average price for Peugeot 406 has had a strong rise in recent years. Between "before 2000" and 2005, the average price is ₦ 727,195.31. There was a significant inflation of the average price in "before 2000" (₦ 532,222) moving up till (₦ 867,200)in 2005. During the next two years (2006, 2007) the price for the aforementioned model has gone up strongly a 38 %. During the last two years, prices in the car industry have experienced a depreciation of -6 % 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 (₦ 948,491.75) and the the last two years analyzed (2008, 2010) with a price of ₦ 891,666.5.
The graph that displays the price for Peugeot 406 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 43 % more affordable than the average price (₦ 1,148,500). Next with a price of ₦ 753,902 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 13% less expensive than the average market value followed by those cars with a mileage of "more than 200,000" priced at ₦ 858,846.