Toyota Quantum 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 Quantum cars has had a strong depreciation during the last 6 months we have studied. During the first month analyzed in October the average price was ₦ 621,625. November went through a strong inflation with a rise in the price till ₦ 767,759. The following two months the selling price went through a strong reduction of -29 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -39 % compared to the 4 previous average values going down from ₦ 595,246 to ₦ 363,600.
The average price for Toyota Quantum has become more expensive in recent years. During 2003 and 2008, the average price was ₦ 350,000. During this period, prices pretty much remained constant. During the next two years (2009, 2010), the average price went up 6 % moving from !PRECIO1! to ₦ 369,643, During the last two years, prices in the car industry have gone up 9 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₦ 403,988.25) and the the last two years that were studied (2011, 2013) with a price of ₦ 438,333.5.
The graph that displays the price for Toyota Quantum 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 23 % more affordable than the average price (₦ 370,600). Next with a price of ₦ 300,000 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 6% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₦ 316,667.