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 August the price for a car is ₦ 16,589,375 increasing till ₦ 17,785,500 in September. During the following two months (October, November) the average selling price rose somewhat going from ₦ 17,187,438 to ₦ 18,933,688. In the last two, the price has gone through a -13 % devaluation compared to the previous average values going down from ₦ 18,060,564 to ₦ 15,757,172 during December and January.
The average price for Toyota 4 runner has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₦ 5,523,782.5. There was a significant inflation of the average price in "before 2000" (₦ 872,881) moving up till (₦ 15,376,923)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 208 %. During the last two years, prices in the car industry have gone up 14 % 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 (₦ 19,722,212) and the the last two years that were studied (2018, 2019) with a price of ₦ 22,408,332.
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 91 % more affordable than the average price (₦ 14,391,250). Next with a price of ₦ 2,808,069 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 21% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₦ 7,621,618.