Toyota Avanza 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 Avanza cars has had a strong depreciation during the last 6 months we have studied. In December the average price per vehicle is ₦ 3,241,317. During January the price went trough a strong deflation till ₦ 2,194,998. The following two months the selling price went through a strong reduction of -29 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -35 % compared to the 4 previous average values going down from ₦ 2,317,993 to ₦ 1,497,513.
The average price for Toyota Avanza has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2000 to 2010, the average price was ₦ 835,660.88. Please take note of of the significant depreciation in the prices between 2000 (₦ 1,133,333) and 2010 (₦ 624,200). 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 29 % 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 (₦ 759,848) and the the last two years that have been analyzed (2013, 2014) with a price of ₦ 982,701.
The graph that displays the price for Toyota Avanza 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 61 % more affordable than the average price (₦ 1,458,013). Next with a price of ₦ 589,545 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "more than 200,000". It is 40% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₦ 796,595.