Toyota HiAce 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 HiAce cars have gone through a strong rise during the last 6 months. In December the price for a car is ₦ 9,189,375 increasing till ₦ 9,753,750 in January. During the following two months (February, March) the average selling price experienced a noticeable rise, going up 17 % from ₦ 9,471,562 to ₦ 11,091,250. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 10,281,406 to ₦ 10,669,375 during April and May.
The average price for Toyota HiAce has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₦ 5,040,100. There was a significant inflation of the average price in "before 2000" (₦ 1,890,435) moving up till (₦ 11,833,333)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 196 %. During the last two years, prices in the car industry have gone up 9 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₦ 16,391,875) and the the last two years that were studied (2018, 2019) with a price of ₦ 17,881,666.
The graph that displays the price for Toyota HiAce cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 77 % more affordable than the average price (₦ 10,615,000). Next with a price of ₦ 3,292,839 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 29% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₦ 7,329,167.
"Petrol" priced at ₦ 4,887,500 is the most affordable fuel type when taking into account the average fuel price for Toyota HiAce cars. It is is 54 % cheaper than the average selling price (!PRECIO2!). "Petrol" is the most affordable type of fuel and it is 54 % less expensive than the average value aforementioned.