Toyota Crown 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 Crown cars has fallen during the last 6 months we have analyzed. The average price for October is ₦ 425,962. During November there was a slight reduction in the selling prices dropping till ₦ 387,143. The average selling price has remained fairly constant during the following two months, going from ₦ 406,552.5 to ₦ 392,206.5. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 399,379.5 to ₦ 392,682 during February and March.
The average price for Toyota Crown has remained constant in recent years. During 2001 and 2007, the average price was ₦ 401,389. During this period, prices pretty much remained constant. During the next two years (2009, 2010) the price for the aforementioned model has gone up strongly a 26 %. During the last two years, prices in the car industry have experienced a depreciation of -13 % 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 (₦ 448,348.25) and the the last two years analyzed (2011, 2012) with a price of ₦ 390,000.
The graph that displays the price for Toyota Crown 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 11 % more affordable than the average price (₦ 393,056). Next with a price of ₦ 368,750 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 148% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 512,500.