Toyota Avalon Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Toyota Avalon cars have gone through a strong rise during the last 6 months. The average price in January was of ₦ 8,096,553. This price hardly went through any changes and remained at ₦ 8,448,256 during February. During the following two months (March, April) the average selling price rose somewhat going from ₦ 8,272,404.5 to ₦ 8,758,253. The average price has had spectacular rise of 24 % with an average price of ₦ 8,515,329 during the previous 4 months and ₦ 10,583,188 during the most recent months in May and June.
The average price for Toyota Avalon has had a strong rise in recent years. Between "before 2000" and 2014, the average price is ₦ 2,081,839.25. There was a significant inflation of the average price in "before 2000" (₦ 543,057) moving up till (₦ 6,366,923)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 302 %. During the last two years, prices in the car industry have gone through a strong rise of 19 % 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 (₦ 10,272,956) and the the last two years that have been analyzed (2017, 2018) with a price of ₦ 12,178,334.
The graph that displays the price for Toyota Avalon 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 88 % more affordable than the average price (₦ 9,063,875). Next with a price of ₦ 1,813,051 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 13% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₦ 6,116,750.