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 October the average price per vehicle is ₦ 2,940,375. During November the price went trough a strong deflation till ₦ 1,084,000. The following two months the selling price went through a strong reduction of -65 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -64 % compared to the 4 previous average values going down from ₦ 1,361,973.5 to ₦ 494,187.5.
The average price for Toyota Avanza has had a strong rise in recent years. During the first sample analyzed, going from 2005 to 2011, the average price was ₦ 526,655.31. Please take note of of the significant depreciation in the prices between 2005 (₦ 512,500) and 2011 (₦ 341,538). During the next two years (2012, 2013), the average price went up 8 % moving from !PRECIO1! to ₦ 571,154, During the last two years, prices in the car industry have gone through a strong rise of 30 % 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 (₦ 816,827) and the the last two years that have been analyzed (2014, 2015) with a price of ₦ 1,062,500.
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 8 % more affordable than the average price (₦ 481,750). Next with a price of ₦ 448,000 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 195% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 935,556.