Toyota Prado Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Toyota Prado cars has fallen during the last 6 months we have analyzed. In July the average price per vehicle is ₦ 11,738,000. During August the price went trough a strong deflation till ₦ 9,661,875. The following two months (September, October) the selling price went through a devaluation of -9 percent in the average selling price compared to the previous two months analyzed. The average price has risen 11 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 11,301,038) during November and December.
The average price for Toyota Prado has become more expensive in recent years. Between 2009 and 2014, the average price is ₦ 6,129,941.5. There was a significant inflation of the average price in 2009 (₦ 7,950,000) moving up till (₦ 9,322,773)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 71 %. During the last two years, prices in the car industry have gone through a strong rise of 18 % 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 (₦ 12,728,836) and the the last two years that have been analyzed (2018, 2019) with a price of ₦ 14,998,878.
The graph that displays the price for Toyota Prado cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 25 % more affordable than the average price (₦ 11,341,178). Next with a price of ₦ 11,415,628 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 1% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 8,475,000.