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 September the price for a car is ₦ 5,131,375 increasing till ₦ 5,407,250 in October. The following two months the selling price went through a strong reduction of -18 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -77 % compared to the 4 previous average values going down from ₦ 4,786,250 to ₦ 1,088,144.
The average price for Toyota Yaris has had a strong rise in recent years. Between 2000 y 2010, the average price is ₦ 980,074.5. There was a price inflation going from (₦ 504,167) to (₦ 565,556). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -60 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 36 % 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 (₦ 608,535.5) 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 73 % more affordable than the average price (₦ 1,334,725). Next with a price of ₦ 565,769 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 73% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₦ 1,441,667.