Toyota 4 runner Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Toyota 4 runner cars have increased during the last 6 months. In January the price for a car is ₦ 15,778,125 increasing till ₦ 17,436,125 in February. During the following two months (March, April) the average selling price rose somewhat going from ₦ 16,607,125 to ₦ 17,723,618. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 17,165,372 to ₦ 17,433,486 during May and June.
The average price for Toyota 4 runner has had a strong rise in recent years. Between "before 2000" and 2014, the average price is ₦ 4,765,833.5. There was a significant inflation of the average price in "before 2000" (₦ 829,538) moving up till (₦ 11,525,000)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 205 %. During the last two years, prices in the car industry have gone through a strong rise of 16 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₦ 17,368,696) and the the last two years that have been analyzed (2017, 2018) with a price of ₦ 20,221,562.
The graph that displays the price for Toyota 4 runner cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 88 % more affordable than the average price (₦ 17,519,736). Next with a price of ₦ 2,895,375 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 26% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₦ 10,430,486.