Toyota Prius 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 Prius cars has had a strong depreciation during the last 6 months we have studied. In January the price for a car is ₦ 1,407,500 increasing till ₦ 1,515,357 in February. The following two months the selling price went through a strong reduction of -52 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -15 % compared to the 4 previous average values going down from ₦ 1,083,092.5 to ₦ 915,597.
The average price for Toyota Prius has had a strong rise in recent years. Between 2001 y 2009, the average price is ₦ 1,508,955.75. There was a price inflation going from (₦ 650,000) to (₦ 698,667). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -31 % compared to the previous period. During the last two years, the car industry has had a strong deflation in its selling prices of -37 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 764,930.5) and the the last two years (2012, 2013) with a price of ₦ 481,250.
The graph that displays the price for Toyota Prius cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 40 % more affordable than the average price (₦ 888,119). Next with a price of ₦ 606,667 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 53% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 1,016,000.