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. In March the price for a car is ₦ 1,432,431 increasing till ₦ 1,537,013 in April. The average selling price has remained fairly constant during the following two months, going from ₦ 1,484,722 to ₦ 1,430,569. In the last two months, the price has gone through a strong devaluation of -27 % compared to the 4 previous average values going down from ₦ 1,457,645.5 to ₦ 1,057,000.
The average price for Toyota Avanza has had a strong rise in recent years. During the first sample analyzed, going from 2005 to 2010, the average price was ₦ 472,046.34. Please take note of of the significant depreciation in the prices between 2005 (₦ 527,778) and 2010 (₦ 409,000). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -22 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 54 % 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 (₦ 800,855.5) and the the last two years that have been analyzed (2013, 2014) with a price of ₦ 1,231,679.5.
The graph that displays the price for Toyota Avanza cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 64 % more affordable than the average price (₦ 1,123,125). Next with a price of ₦ 423,659 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 31% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 990,000.