Toyota Hilux Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Toyota Hilux cars have increased during the last 6 months. The average price in January was of ₦ 17,809,375. This price hardly went through any changes and remained at ₦ 17,743,125 during February. During the following two months (March, April) the average selling price rose somewhat going from ₦ 17,776,250 to ₦ 18,945,624. The average price has risen 10 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 20,278,120) during May and June.
The average price for Toyota Hilux has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₦ 4,490,893.5. There was a significant inflation of the average price in "before 2000" (₦ 1,430,000) moving up till (₦ 11,410,345)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 217 %. During the last two years, prices in the car industry have gone up 14 % 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 (₦ 16,600,475) and the the last two years that were studied (2018, 2019) with a price of ₦ 18,958,588.
The graph that displays the price for Toyota Hilux cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 75 % more affordable than the average price (₦ 20,511,875). Next with a price of ₦ 5,502,667 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 1% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₦ 10,432,759.