Toyota Celica 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 Celica cars has had a strong depreciation during the last 6 months we have studied. In May the average price per vehicle is ₦ 1,384,762. During June the price went trough a strong deflation till ₦ 778,571. 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 risen 8 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 1,106,187.5) during September and October.
The average price for Toyota Celica has had a strong rise in recent years. Between "before 2000" and 2000, the average price is ₦ 828,333.5. There was a significant inflation of the average price in "before 2000" (₦ 390,000) moving up till (₦ 1,266,667)in 2000. During the next two years (2001, 2004) the price for the aforementioned model has gone up strongly a 80 %. During the last two years, prices in the car industry have experienced a depreciation of -15 % 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 (₦ 1,303,125) and the the last two years analyzed (2005, 2010) with a price of ₦ 1,112,500.
The graph that displays the price for Toyota Celica cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 64 % more affordable than the average price (₦ 1,078,000). Next with a price of ₦ 1,150,000 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 32% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 1,175,000.