Toyota 4 runner Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for Toyota 4 runner cars have remained constant in the last 6 months. The average price in March was of ₦ 17,784,236. This price hardly went through any changes and remained at ₦ 17,663,000 during April. The average selling price has remained fairly constant during the following two months, going from ₦ 17,723,618 to ₦ 17,433,486. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 17,578,552 to ₦ 16,994,938 during July and August.
The average price for Toyota 4 runner has had a strong rise in recent years. Between "before 2000" and 2014, the average price is ₦ 4,953,758.5. There was a significant inflation of the average price in "before 2000" (₦ 851,000) moving up till (₦ 12,232,000)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 191 %. During the last two years, prices in the car industry have gone up 11 % 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 (₦ 16,227,738) and the the last two years that were studied (2017, 2018) with a price of ₦ 18,025,000.
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 85 % more affordable than the average price (₦ 16,589,375). Next with a price of ₦ 3,001,625 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 27% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₦ 10,444,350.