Toyota Wish 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 Wish cars have gone through a strong rise during the last 6 months. During the first month analyzed in October the average price was ₦ 422,121. November went through a strong inflation with a rise in the price till ₦ 598,542. During the following two months (December, January) the average selling price experienced a noticeable rise, going up 91 % from ₦ 510,331.5 to ₦ 976,979. In the last two months, the price has gone through a strong devaluation of -21 % compared to the 4 previous average values going down from ₦ 743,655.25 to ₦ 585,375.
The average price for Toyota Wish has had a strong rise in recent years. Between 2002 and 2007, the average price is ₦ 345,833.5. There was a significant inflation of the average price in 2002 (₦ 275,000) moving up till (₦ 416,667)in 2007. During the next two years (2008, 2010) the price for the aforementioned model has gone up strongly a 369 %. During the last two years, the car industry has had a strong deflation in its selling prices of -68 % 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 (₦ 967,291.5) and the the last two years (2012, 2013) with a price of ₦ 312,500.
The graph that displays the price for Toyota Wish 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 4 % more affordable than the average price (₦ 388,250). Next with a price of ₦ 409,000 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 5% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₦ 373,333.