Pontiac Vibe 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 Pontiac Vibe cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 5,183,875. During November there was a slight reduction in the selling prices dropping till ₦ 4,886,625. The following two months the selling price went through a strong reduction of -42 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -69 % compared to the 4 previous average values going down from ₦ 3,970,802.25 to ₦ 1,246,735.
The average price for Pontiac Vibe has gone through a significant depreciation in recent years. During 2004 and 2004, the average price was ₦ 2,608,125. During this period, prices pretty much remained constant. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -59 % compared to the previous period. 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 (₦ 1,160,745.75) and the the last two years that were studied (2009, 2010) with a price of ₦ 1,258,333.5.
The graph that displays the price for Pontiac Vibe 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 12 % more affordable than the average price (₦ 1,182,432). Next with a price of ₦ 1,937,500 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 183% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₦ 1,937,500.