Toyota Solara Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Toyota Solara cars has fallen during the last 6 months we have analyzed. The average price for December is ₦ 1,948,662. During January there was a slight reduction in the selling prices dropping till ₦ 1,663,590. The following two months (February, March) the selling price went through a devaluation of -8 percent in the average selling price compared to the previous two months analyzed. The average price has risen 13 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 1,957,750) during April and May.
The average price for Toyota Solara has had a strong rise in recent years. Between "before 2000" and 2004, the average price is ₦ 854,543.81. There was a significant inflation of the average price in "before 2000" (₦ 864,286) moving up till (₦ 1,200,113)in 2004. During the next two years (2005, 2006) the price for the aforementioned model has gone up strongly a 75 %. 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 (₦ 1,648,259.75) and the the last two years that were studied (2007, 2008) with a price of ₦ 1,802,136.
The graph that displays the price for Toyota Solara 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 57 % more affordable than the average price (₦ 1,990,250). Next with a price of ₦ 1,295,459 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 13% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₦ 1,520,364.