Toyota Avalon 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 Avalon cars has had a strong depreciation during the last 6 months we have studied. The average price in October was of ₦ 14,460,375. This price hardly went through any changes and remained at ₦ 14,018,250 during November. The following two months the selling price went through a strong reduction of -45 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -84 % compared to the 4 previous average values going down from ₦ 11,016,809 to ₦ 1,716,861.
The average price for Toyota Avalon has had a strong rise in recent years. Between "before 2000" y 2012, the average price is ₦ 858,311.94. There was a price inflation going from (₦ 405,833) to (₦ 454,167). During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 237 %. During the last two years, the car industry has had a strong deflation in its selling prices of -23 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 2,346,666.5) and the the last two years (2015, 2016) with a price of ₦ 1,800,000.
The graph that displays the price for Toyota Avalon cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 63 % more affordable than the average price (₦ 1,592,285). Next with a price of ₦ 840,000 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 5% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 1,624,033.