Toyota Crown 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 Crown cars has had a strong depreciation during the last 6 months we have studied. In December the average price per vehicle is ₦ 2,975,000. During January the price went trough a strong deflation till ₦ 2,300,000. The following two months the selling price went through a strong reduction of -49 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -80 % compared to the 4 previous average values going down from ₦ 1,987,891.75 to ₦ 397,456.5.
The average price for Toyota Crown has gone down in recent years. During the first sample analyzed ("before 2000" - 2009), the average selling price stood at ₦ 530,063.06. During this time, the price for "before 2000" which was ₦ 550,000 decreased to ₦ 518,750 during 2009. During the next two years (2010, 2011), the average price went up 10 % moving from !PRECIO1! to ₦ 581,428.5, During the last two years, the car industry has had a strong deflation in its selling prices of -18 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 491,250) and the the last two years (2012, 2013) with a price of ₦ 401,071.5.
The graph that displays the price for Toyota Crown 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 8 % more affordable than the average price (₦ 398,246). Next with a price of ₦ 376,842 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 102% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 783,333.