Toyota Cressida Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Toyota Cressida cars have gone through a strong rise during the last 6 months. The average price in January was of ₦ 300,000. This price hardly went through any changes and remained at ₦ 300,000 during February. During the following two months (March, April) the average selling price experienced a noticeable rise, going up 30 % from ₦ 300,000 to ₦ 390,027. The average price has risen 13 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 390,818.5) during May and June.
The average price for Toyota Cressida has had a strong rise in recent years. Between 2002 and 2008, the average price is ₦ 357,266.81. There was a significant inflation of the average price in 2002 (₦ 266,667) moving up till (₦ 358,000)in 2008. During the next two years (2009, 2010) the price for the aforementioned model has gone up strongly a 31 %. During the last two years, prices in the car industry have experienced a depreciation of -12 % 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 (₦ 416,562.5) and the the last two years analyzed (2012, 2013) with a price of ₦ 365,625.
The graph that displays the price for Toyota Cressida cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 8 % more affordable than the average price (₦ 391,111). Next with a price of ₦ 433,333 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 36% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 433,333.