Toyota Echo 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 Echo cars has had a strong depreciation during the last 6 months we have studied. In December the price for a car is ₦ 1,116,900 increasing till ₦ 1,190,000 in January. The following two months the selling price went through a strong reduction of -100 % compared to the previous two months studied. The average price has had spectacular rise of 81 % with an average price of ₦ 576,725 during the previous 4 months and ₦ 1,042,750 during the most recent months in April and May.
The average price for Toyota Echo has become more expensive in recent years. Between 2002 and 2005, the average price is ₦ 1,004,999.69. There was a significant inflation of the average price in 2002 (₦ 933,333) moving up till (₦ 1,158,333)in 2005.
The graph that displays the price for Toyota Echo 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 7 % more affordable than the average price (₦ 1,021,333). Next with a price of ₦ 1,066,667 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 14% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₦ 1,066,667.