Toyota MR2 Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for Toyota MR2 cars have remained constant in the last 6 months. The average price in October was of ₦ 361,053. This price hardly went through any changes and remained at ₦ 357,436 during November. The average selling price has remained fairly constant during the following two months, going from ₦ 359,244.5 to ₦ 357,882. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 358,563.25 to ₦ 360,691.5 during February and March.
The average price for Toyota MR2 has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2001 to 2009, the average price was ₦ 463,680.5. Please take note of of the significant depreciation in the prices between 2001 (₦ 875,000) and 2009 (₦ 300,000). During the next two years the average price(₦ 464,285.5) has hardly changed, remaining at a constant value compared to the previous period. During the last two years, prices in the car industry have experienced a depreciation of -9 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₦ 424,434.5) and the the last two years analyzed (2012, 2013) with a price of ₦ 384,583.5.
The graph that displays the price for Toyota MR2 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 11 % more affordable than the average price (₦ 360,758). Next with a price of ₦ 355,179 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 11% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 355,179.