Toyota Mark X 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 Mark X cars has had a strong depreciation during the last 6 months we have studied. The average price for January is ₦ 2,305,250. During February there was a slight reduction in the selling prices dropping till ₦ 2,110,500. The following two months the selling price went through a strong reduction of -79 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -64 % compared to the 4 previous average values going down from ₦ 1,339,563 to ₦ 486,341.5.
The average price for Toyota Mark X has had a strong rise in recent years. Between 2004 and 2009, the average price is ₦ 783,333.31. There was a significant inflation of the average price in 2004 (₦ 550,000) moving up till (₦ 712,500)in 2009. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -49 % compared to the previous period. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₦ 419,708.25 in 2012 and ₦ 440,250 during 2013.
The graph that displays the price for Toyota Mark X 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 21 % more affordable than the average price (₦ 479,024). Next with a price of ₦ 417,083 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 203% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₦ 1,262,500.