Toyota Tacoma 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 Tacoma cars have gone through a strong rise during the last 6 months. The average price in January was of ₦ 9,185,040. This price hardly went through any changes and remained at ₦ 8,801,626 during February. During the following two months (March, April) the average selling price experienced a noticeable rise, going up 16 % from ₦ 8,993,333 to ₦ 10,472,042. The average price has had spectacular rise of 27 % with an average price of ₦ 9,732,688 during the previous 4 months and ₦ 12,381,875 during the most recent months in May and June.
The average price for Toyota Tacoma has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₦ 4,873,568. There was a significant inflation of the average price in "before 2000" (₦ 2,394,444) moving up till (₦ 8,061,765)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 176 %. During the last two years, prices in the car industry have gone up 10 % 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 (₦ 14,913,068) and the the last two years that were studied (2018, 2019) with a price of ₦ 16,387,500.
The graph that displays the price for Toyota Tacoma cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 63 % more affordable than the average price (₦ 11,136,250). Next with a price of ₦ 6,659,333 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 12% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₦ 8,427,759.