Renault 4 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 Renault 4 cars has had a strong depreciation during the last 6 months we have studied. In November the average price per vehicle is ₦ 300,000. During December the price went trough a strong deflation till . The following two months the selling price went through a strong reduction of -100 % compared to the previous two months studied. The average price has had spectacular rise of 500 % with an average price of ₦ 75,000 during the previous 4 months and ₦ 450,000 during the most recent months in March and April.