Toyota Sienna 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 Sienna cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 15,435,000. During November there was a slight reduction in the selling prices dropping till ₦ 14,501,250. The following two months the selling price went through a strong reduction of -38 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -63 % compared to the 4 previous average values going down from ₦ 12,156,370 to ₦ 4,510,800.5.
The average price for Toyota Sienna has had a strong rise in recent years. Between "before 2000" and 2014, the average price is ₦ 1,234,763.75. There was a significant inflation of the average price in "before 2000" (₦ 646,434) moving up till (₦ 3,110,000)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 136 %. During the last two years, prices in the car industry have gone up 13 % 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 (₦ 3,354,166.75) and the the last two years that were studied (2017, 2019) with a price of ₦ 3,795,833.5.
The graph that displays the price for Toyota Sienna 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 87 % more affordable than the average price (₦ 4,502,624). Next with a price of ₦ 695,743 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "more than 200,000". It is 27% less expensive than the average market value followed by those cars with a mileage of "100,000 - 200,000" priced at ₦ 3,213,318.
The graph showing the average price for the fuel type for Toyota Sienna cars points out to "Diesel" as being the cheapest fuel type. It is 72 % less expensive than the average market price (₦ 4,502,624) followed by "Petrol" priced at ₦ 4,432,468. On average the cheapest type of fuel is "Petrol". It´s price is 2 % more affordable than the average market value followed by "Diesel" with a price of ₦ 1,250,000.