Toyota Corolla Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Toyota Corolla cars have increased during the last 6 months. The average price in January was of ₦ 9,368,125. This price hardly went through any changes and remained at ₦ 9,153,125 during February. During the following two months (March, April) the average selling price rose somewhat going from ₦ 9,260,625 to ₦ 9,907,688. The average price has had spectacular rise of 17 % with an average price of ₦ 9,584,156 during the previous 4 months and ₦ 11,211,438 during the most recent months in May and June.
The average price for Toyota Corolla has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₦ 2,669,769.5. There was a significant inflation of the average price in "before 2000" (₦ 704,500) moving up till (₦ 6,182,000)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 156 %. During the last two years, prices in the car industry have gone through a strong rise of 24 % 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 (₦ 9,018,558) and the the last two years that have been analyzed (2018, 2019) with a price of ₦ 11,201,613.
The graph that displays the price for Toyota Corolla 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 79 % more affordable than the average price (₦ 11,106,250). Next with a price of ₦ 3,321,250 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 8% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₦ 6,528,625.
"Petrol" priced at ₦ 1,664,808 is the most affordable fuel type when taking into account the average fuel price for Toyota Corolla cars. It is is 85 % cheaper than the average selling price (!PRECIO2!). "Petrol" is the most affordable type of fuel and it is 85 % less expensive than the average value aforementioned.