Volkswagen Passat 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 Volkswagen Passat cars have gone through a strong rise during the last 6 months. The average price in December was of ₦ 2,603,750. This price hardly went through any changes and remained at ₦ 2,725,983 during January. During the following two months (February, March) the average selling price rose somewhat going from ₦ 2,664,866.5 to ₦ 2,873,119. The average price has had spectacular rise of 23 % with an average price of ₦ 2,768,992.75 during the previous 4 months and ₦ 3,409,562.5 during the most recent months in April and May.
The average price for Volkswagen Passat has had a strong rise in recent years. Between "before 2000" and 2010, the average price is ₦ 917,518.81. There was a significant inflation of the average price in "before 2000" (₦ 607,245) moving up till (₦ 2,020,000)in 2010. During the next two years (2011, 2012) the price for the aforementioned model has gone up strongly a 168 %. During the last two years, prices in the car industry have gone through a strong rise of 25 % 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 (₦ 3,269,363.25) and the the last two years that have been analyzed (2013, 2014) with a price of ₦ 4,077,291.5.
The graph that displays the price for Volkswagen Passat 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 82 % more affordable than the average price (₦ 3,541,000). Next with a price of ₦ 889,875 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 28% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₦ 2,220,062.