Smart ForTwo 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 Smart ForTwo cars has had a strong depreciation during the last 6 months we have studied. In November the average price per vehicle is ₦ 598,824. During December the price went trough a strong deflation till ₦ 425,333. The following two months the selling price went through a strong reduction of -17 % compared to the previous two months studied. In the last two, the price has gone through a -7 % devaluation compared to the previous average values going down from ₦ 468,705.75 to ₦ 435,375 during March and April.
The graph that displays the price for Smart ForTwo cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 25 % more affordable than the average price (₦ 468,750). Next with a price of ₦ 575,000 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 128% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 575,000.