Toyota Tazz 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 Tazz cars have gone through a strong rise during the last 6 months. During the first month analyzed in February the average price was . March went through a strong inflation with a rise in the price till ₦ 420,000. During the following two months (April, May) the average selling price experienced a noticeable rise, going up 107 % from ₦ 210,000 to ₦ 434,429.5. The average price has had spectacular rise of 32 % with an average price of ₦ 322,214.75 during the previous 4 months and ₦ 425,038.5 during the most recent months in June and July.
The average price for Toyota Tazz has had a strong rise in recent years. Between 2000 and 2009, the average price is ₦ 990,666.69. There was a significant inflation of the average price in 2000 (₦ 375,000) moving up till (₦ 804,000)in 2009. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -41 % compared to the previous period. During the last two years, the car industry has had a strong deflation in its selling prices of -21 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 480,833.25) and the the last two years (2012, 2013) with a price of ₦ 377,857.
The graph that displays the price for Toyota Tazz cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 14 % more affordable than the average price (₦ 432,889). Next with a price of ₦ 460,000 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 293% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 1,677,778.