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 May is ₦ 2,940,000. During June there was a slight reduction in the selling prices dropping till ₦ 2,554,513. The following two months (July, August) the selling price went through a devaluation of -11 percent in the average selling price compared to the previous two months analyzed. The average price has had spectacular rise of 22 % with an average price of ₦ 2,594,703.25 during the previous 4 months and ₦ 3,157,386.5 during the most recent months in September and October.
The average price for Toyota Avanza has had a strong rise in recent years. During the first sample analyzed, going from 2000 to 2008, the average price was ₦ 1,130,466.75. Please take note of of the significant depreciation in the prices between 2000 (₦ 1,466,667) and 2008 (₦ 1,096,000). During the next two years (2009, 2010) the price for the aforementioned model has gone up strongly a 315 %. During the last two years, prices in the car industry have experienced a depreciation of -5 % 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 (₦ 4,459,861) and the the last two years analyzed (2012, 2013) with a price of ₦ 4,233,333.5.
The graph that displays the price for Toyota Avanza cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 28 % more affordable than the average price (₦ 3,187,987). Next with a price of ₦ 2,625,000 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 61% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 3,399,081.