Peugeot 407 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 407 cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 1,755,563. During November there was a slight reduction in the selling prices dropping till ₦ 1,594,063. The following two months the selling price went through a strong reduction of -26 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -34 % compared to the 4 previous average values going down from ₦ 1,460,992.5 to ₦ 967,248.5.
The average price for Peugeot 407 has gone through a significant depreciation in recent years. During the first sample analyzed (2004 - 2005), the average selling price stood at ₦ 1,258,333.5. During this time, the price for 2004 which was ₦ 1,300,000 decreased to ₦ 1,216,667 during 2005. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -23 % compared to the previous period. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₦ 994,661.5 in 2009 and ₦ 1,021,666.5 during 2011.
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 10 % more affordable than the average price (₦ 1,012,097). Next with a price of ₦ 934,000 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 188% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 934,000.