Toyota bB 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 bB cars have gone through a strong rise during the last 6 months. During the first month analyzed in January the average price was ₦ 550,000. February went through a strong inflation with a rise in the price till ₦ 643,750. During the following two months (March, April) the average selling price experienced a noticeable rise, going up 20 % from ₦ 596,875 to ₦ 715,625. The average price has risen 13 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 741,666.5) during May and June.
The average price for Toyota bB has had a strong rise in recent years. Between 2001 and 2009, the average price is ₦ 687,500. There was a significant inflation of the average price in 2001 (₦ 550,000) moving up till (₦ 825,000)in 2009.