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. In July the average price per vehicle is ₦ 2,554,625. During August the price went trough a strong deflation till ₦ 719,438. The following two months the selling price went through a strong reduction of -48 % compared to the previous two months studied. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 1,244,172 to ₦ 1,209,875 during November and December.
The average price for Toyota Avalon has had a strong rise in recent years. Between 2002 y 2015, the average price is ₦ 1,292,401.75. There was a price inflation going from (₦ 937,500) to (₦ 1,023,077). During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 75 %. During the last two years, prices in the car industry have experienced a depreciation of -7 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₦ 2,114,642.75) and the the last two years analyzed (2018, 2019) with a price of ₦ 1,964,285.5.
The graph showing the average price for the fuel type for Toyota Avalon cars points out to "Petrol" as being the cheapest fuel type. It is 37 % less expensive than the average market price (₦ 2,419,750) followed by "Gas" priced at ₦ 2,800,000. On average the most expensive type of fuel is "Gas". It´s price is 16 % higher than the average market price followed by "Petrol" which costs ₦ 1,524,500.