Toyota Sequoia Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Toyota Sequoia cars have gone through a strong rise during the last 6 months. In May the price for a car is ₦ 8,195,125 increasing till ₦ 8,978,500 in June. During the following two months (July, August) the average selling price experienced a noticeable rise, going up 17 % from ₦ 8,586,812 to ₦ 10,086,000. 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 (₦ 10,403,750) during September and October.
The average price for Toyota Sequoia has had a strong rise in recent years. Between 2001 and 2011, the average price is ₦ 4,190,721. There was a significant inflation of the average price in 2001 (₦ 1,480,556) moving up till (₦ 9,083,333)in 2011. During the next two years (2012, 2013) the price for the aforementioned model has gone up strongly a 162 %. 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 (₦ 12,062,942) and the the last two years that were studied (2014, 2015) with a price of ₦ 13,153,334.
The graph that displays the price for Toyota Sequoia 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 89 % more affordable than the average price (₦ 10,355,000). Next with a price of ₦ 1,452,857 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 23% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₦ 6,841,250.