Toyota Auris 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 Toyota Auris cars has had a strong depreciation during the last 6 months we have studied. During the first month analyzed in January the average price was ₦ 1,542,750. February went through a strong inflation with a rise in the price till ₦ 2,062,625. The following two months the selling price went through a strong reduction of -78 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -62 % compared to the 4 previous average values going down from ₦ 1,103,454.75 to ₦ 417,670.5.
The average price for Toyota Auris has had a strong rise in recent years. Between 2001 and 2009, the average price is ₦ 602,101.38. There was a significant inflation of the average price in 2001 (₦ 448,000) moving up till (₦ 1,471,429)in 2009. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -36 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 32 % 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 (₦ 562,708.5) and the the last two years that have been analyzed (2012, 2013) with a price of ₦ 741,250.
The graph that displays the price for Toyota Auris cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 4 % more affordable than the average price (₦ 405,172). Next with a price of ₦ 400,000 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 169% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 900,000.