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 February the average price was ₦ 400,000. March went through a strong inflation with a rise in the price till ₦ 470,959. The average selling price has remained fairly constant during the following two months, going from ₦ 435,479.5 to ₦ 442,456. The average price has risen 8 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₦ 473,319.5) during June and July.
The average price for Toyota bB has had a strong rise in recent years. Between 2001 and 2009, the average price is ₦ 570,138.81. There was a significant inflation of the average price in 2001 (₦ 300,000) moving up till (₦ 500,000)in 2009. During the next two years (2010, 2011) the price for the aforementioned model has gone up strongly a 38 %. During the last two years, the car industry has had a strong deflation in its selling prices of -18 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₦ 668,996.25) and the the last two years (2012, 2013) with a price of ₦ 549,242.5.
The graph that displays the price for Toyota bB 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 26 % more affordable than the average price (₦ 475,000). Next with a price of ₦ 472,414 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 55% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 500,000.