Toyota Yaris Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.
The selling price for Toyota Yaris cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 5,407,250. During November the price went trough a strong deflation till ₦ 4,522,250. The following two months the selling price went through a strong reduction of -50 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -64 % compared to the 4 previous average values going down from ₦ 3,713,797 to ₦ 1,328,331.5.
The average price for Toyota Yaris has had a strong rise in recent years. Between 2000 and 2010, the average price is ₦ 928,184.44. There was a significant inflation of the average price in 2000 (₦ 545,652) moving up till (₦ 758,182)in 2010. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -59 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 37 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₦ 603,352.25) and the the last two years that have been analyzed (2013, 2014) with a price of ₦ 825,000.
The graph that displays the price for Toyota Yaris cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 74 % more affordable than the average price (₦ 1,321,938). Next with a price of ₦ 533,667 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 91% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 1,638,750.