Toyota Highlander 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 Highlander cars has had a strong depreciation during the last 6 months we have studied. The average price in October was of ₦ 19,385,750. This price hardly went through any changes and remained at ₦ 19,072,750 during November. The following two months the selling price went through a strong reduction of -37 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -65 % compared to the 4 previous average values going down from ₦ 15,673,465 to ₦ 5,506,328.
The average price for Toyota Highlander has become more expensive in recent years. Between 2001 and 2015, the average price is ₦ 1,991,147.75. There was a significant inflation of the average price in 2001 (₦ 2,477,500) moving up till (₦ 3,293,333)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 126 %. During the last two years, prices in the car industry have gone through a strong rise of 19 % 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 (₦ 5,571,625) and the the last two years that have been analyzed (2018, 2019) with a price of ₦ 6,643,750.
The graph that displays the price for Toyota Highlander cars according to their mileage shows that those cars within a mileage range of "10,000 - 25,000" are the ones with the lowest price. They are 76 % more affordable than the average price (₦ 5,362,450). Next with a price of ₦ 1,415,000 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most affordable cars is "100,000 - 200,000". It is 29% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₦ 3,821,344.
The graph showing the average price for the fuel type for Toyota Highlander cars points out to "Petrol" as being the cheapest fuel type. It is 10 % less expensive than the average market price (₦ 5,362,450) followed by "Hybrid" priced at ₦ 4,808,500. On average the cheapest type of fuel is "Hybrid". It´s price is 10 % more affordable than the average market value followed by "Petrol" with a price of ₦ 4,808,156.