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. The average price in May was of ₦ 12,952,000. This price hardly went through any changes and remained at ₦ 13,190,385 during June. The following two months (July, August) the selling price went through a devaluation of -9 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -7 % devaluation compared to the previous average values going down from ₦ 12,508,096 to ₦ 11,691,986 during September and October.
The average price for Toyota Fortuner has had a strong rise in recent years. Between 2010 and 2014, the average price is ₦ 4,953,721. There was a significant inflation of the average price in 2010 (₦ 4,057,664) moving up till (₦ 5,796,301)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 47 %. During the last two years, prices in the car industry have gone through a strong rise of 47 % 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 (₦ 13,738,288) and the the last two years that have been analyzed (2018, 2019) with a price of ₦ 20,184,994.
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 51 % more affordable than the average price (₦ 10,493,679). Next with a price of ₦ 7,985,714 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 21% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 7,985,714.