Toyota Picnic 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 Picnic cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 2,196,000. During November the price went trough a strong deflation till ₦ 1,664,875. The following two months the selling price went through a strong reduction of -43 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -48 % compared to the 4 previous average values going down from ₦ 1,513,878.25 to ₦ 783,267.5.
The average price for Toyota Picnic has had a strong rise in recent years. During 2003 and 2003, the average price was ₦ 600,000. During this period, prices pretty much remained constant. During the next two years (2004, 2005) the price for the aforementioned model has gone up strongly a 58 %. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₦ 996,861 in 2006 and ₦ 1,046,166.5 during 2010.