Toyota Vios Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for Toyota Vios cars have remained constant in the last 6 months. The average price for October is ₦ 470,889. During November there was a slight reduction in the selling prices dropping till ₦ 437,576. The average selling price has remained fairly constant during the following two months, going from ₦ 454,232.5 to ₦ 471,543. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 462,887.75 to ₦ 463,433.5 during February and March.
The average price for Toyota Vios has had a strong rise in recent years. During the first sample analyzed (2005 - 2009), the average selling price stood at ₦ 432,857. During this time, the price for 2005 which was ₦ 400,000 decreased to ₦ 350,000 during 2009. During the next two years (2010, 2011) the price for the aforementioned model has gone up strongly a 203 %. During the last two years, the car industry has had a strong deflation in its selling prices of -46 % 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 (₦ 896,597.25) and the the last two years (2012, 2013) with a price of ₦ 483,750.
The graph that displays the price for Toyota Vios 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 19 % more affordable than the average price (₦ 452,813). Next with a price of ₦ 421,053 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 82% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 462,857.