Peugeot 407 Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Peugeot 407 cars have increased during the last 6 months. In December the price for a car is ₦ 1,304,313 increasing till ₦ 1,372,639 in January. During the following two months (February, March) the average selling price rose somewhat going from ₦ 1,338,476 to ₦ 1,498,187.5. In the last two, the price has gone through a -5 % devaluation compared to the previous average values going down from ₦ 1,418,331.75 to ₦ 1,343,437.5 during April and May.
The average price for Peugeot 407 has had a strong rise in recent years. Between 2002 and 2006, the average price is ₦ 996,303.38. There was a significant inflation of the average price in 2002 (₦ 711,111) moving up till (₦ 1,319,355)in 2006. During the next two years (2007, 2008) the price for the aforementioned model has gone up strongly a 20 %. During the last two years, prices in the car industry have gone up 8 % 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 (₦ 1,297,460.5) and the the last two years that were studied (2009, 2010) with a price of ₦ 1,395,000.
The graph that displays the price for Peugeot 407 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 23 % more affordable than the average price (₦ 1,333,000). Next with a price of ₦ 1,061,111 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 14% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 1,299,302.