Toyota ES 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 ES cars have gone through a strong rise during the last 6 months. During the first month analyzed in February the average price was ₦ 2,278,571. March went through a strong inflation with a rise in the price till ₦ 3,366,667. The average selling price has remained fairly constant during the following two months, going from ₦ 2,822,619 to ₦ 2,808,333.5. In the last two, the price has gone through a -11 % devaluation compared to the previous average values going down from ₦ 2,815,476.25 to ₦ 2,498,791.5 during June and July.
The average price for Toyota ES has had a strong rise in recent years. Between 2004 and 2006, the average price is ₦ 2,593,750. There was a significant inflation of the average price in 2004 (₦ 2,000,000) moving up till (₦ 3,187,500)in 2006.
The graph that shows the price for Toyota ES cars according to their mileage indicates that those vehicles within a mileage range of "50,000 - 100,000" are the most expensive ones. They are 8 % more costly than the average market price (₦ 2,491,333). Next with a price of ₦ 3,178,333 and a mileage range of "less than 10,000" we will see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 28% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 2,687,500.