Toyota Yaris 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 Yaris cars have gone through a strong rise during the last 6 months. The average price for December is ₦ 1,763,225. During January there was a slight reduction in the selling prices dropping till ₦ 1,620,875. During the following two months (February, March) the average selling price experienced a noticeable rise, going up 42 % from ₦ 1,692,050 to ₦ 2,406,412.5. The average price has had spectacular rise of 28 % with an average price of ₦ 2,049,231.25 during the previous 4 months and ₦ 2,616,112.5 during the most recent months in April and May.
The average price for Toyota Yaris has had a strong rise in recent years. Between 2001 and 2011, the average price is ₦ 1,218,352.75. There was a significant inflation of the average price in 2001 (₦ 666,000) moving up till (₦ 1,475,000)in 2011. During the next two years (2012, 2013) the price for the aforementioned model has gone up strongly a 61 %. During the last two years, prices in the car industry have gone through a strong rise of 44 % 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 (₦ 3,488,517.75) and the the last two years that have been analyzed (2014, 2017) with a price of ₦ 5,018,464.
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 59 % more affordable than the average price (₦ 2,616,000). Next with a price of ₦ 1,255,525 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 31% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₦ 1,725,437.