Toyota RAV4 Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Toyota RAV4 cars have increased during the last 6 months. The average price in February was of ₦ 11,938,750. This price hardly went through any changes and remained at ₦ 12,372,500 during March. During the following two months (April, May) the average selling price rose somewhat going from ₦ 12,155,625 to ₦ 13,447,188. The average price has risen 10 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 14,120,125) during June and July.
The average price for Toyota RAV4 has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₦ 3,421,681.5. There was a significant inflation of the average price in "before 2000" (₦ 786,744) moving up till (₦ 7,954,313)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 235 %. During the last two years, prices in the car industry have gone through a strong rise of 21 % 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 (₦ 14,535,829) and the the last two years that have been analyzed (2018, 2019) with a price of ₦ 17,614,500.
The graph that displays the price for Toyota RAV4 cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 80 % more affordable than the average price (₦ 14,470,750). Next with a price of ₦ 3,469,375 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 14% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₦ 8,094,125.