Toyota Avanza Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Toyota Avanza cars has fallen during the last 6 months we have analyzed. The average price for February is ₦ 3,022,857. During March there was a slight reduction in the selling prices dropping till ₦ 2,657,292. The average selling price has remained fairly constant during the following two months, going from ₦ 2,840,074.5 to ₦ 2,775,872. In the last two, the price has gone through a -14 % devaluation compared to the previous average values going down from ₦ 2,807,973.25 to ₦ 2,427,397.5 during June and July.
The average price for Toyota Avanza has had a strong rise in recent years. Between 2007 and 2010, the average price is ₦ 2,072,777.75. There was a significant inflation of the average price in 2007 (₦ 1,152,000) moving up till (₦ 3,149,211)in 2010. During the next two years (2011, 2012) the price for the aforementioned model has gone up strongly a 39 %. During the last two years, prices in the car industry have experienced a depreciation of -6 % 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 (₦ 2,709,812.75) and the the last two years analyzed (2013, 2014) with a price of ₦ 2,548,800.
The graph that displays the price for Toyota Avanza 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 17 % more affordable than the average price (₦ 2,300,282). Next with a price of ₦ 2,023,426 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 46% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 3,100,000.