Toyota Fortuner 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 Fortuner cars has fallen during the last 6 months we have analyzed. In July the average price per vehicle is ₦ 12,925,000. During August the price went trough a strong deflation till ₦ 10,965,000. The average selling price has remained fairly constant during the following two months, going from ₦ 11,945,000 to ₦ 11,691,986. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 11,818,493 to ₦ 11,478,364 during November and December.
The average price for Toyota Fortuner has had a strong rise in recent years. Between 2010 y 2014, the average price is ₦ 5,207,324.5. There was a price inflation going from (₦ 5,122,559) to (₦ 5,581,057). During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 88 %. During the last two years, prices in the car industry have gone through a strong rise of 32 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₦ 14,326,575) and the the last two years that have been analyzed (2018, 2019) with a price of ₦ 18,852,538.
The graph that displays the price for Toyota Fortuner 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 50 % more affordable than the average price (₦ 11,100,027). Next with a price of ₦ 6,133,333 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 17% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 6,133,333.