Toyota Yaris Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Toyota Yaris cars has fallen during the last 6 months we have analyzed. In December the average price per vehicle is ₦ 2,060,987. During January the price went trough a strong deflation till ₦ 1,744,098. The following two months (February, March) the selling price went through a devaluation of -12 percent in the average selling price compared to the previous two months analyzed. The average price has had spectacular rise of 24 % with an average price of ₦ 1,792,029.5 during the previous 4 months and ₦ 2,223,569.5 during the most recent months in April and May.
The average price for Toyota Yaris has had a strong rise in recent years. During the first sample analyzed, going from "before 2000" to 2012, the average price was ₦ 789,025.12. Please take note of of the significant depreciation in the prices between "before 2000" (₦ 750,000) and 2012 (₦ 508,782). During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 134 %. During the last two years, prices in the car industry have gone through a strong rise of 42 % 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 (₦ 3,184,651.25) and the the last two years that have been analyzed (2015, 2017) with a price of ₦ 4,524,615.
The graph that displays the price for Toyota Yaris 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 72 % more affordable than the average price (₦ 2,233,507). Next with a price of ₦ 701,389 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 28% less expensive than the average market value followed by those cars with a mileage of "100,000 - 200,000" priced at ₦ 1,359,361.