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. During the first month analyzed in March the average price was ₦ 2,832,625. April went through a strong inflation with a rise in the price till ₦ 3,278,125. During the following two months (May, June) the average selling price rose somewhat going from ₦ 3,055,375 to ₦ 3,408,930.5. During the last couple of months, the average price has hardly changed, remaining the same going from ₦ 3,232,152.75 to ₦ 3,204,617.5 during July and August.
The average price for Volkswagen Passat has had a strong rise in recent years. Between "before 2000" and 2010, the average price is ₦ 981,404.69. There was a significant inflation of the average price in "before 2000" (₦ 669,231) moving up till (₦ 1,958,367)in 2010. During the next two years (2011, 2012) the price for the aforementioned model has gone up strongly a 154 %. During the last two years, prices in the car industry have gone through a strong rise of 18 % 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 (₦ 3,052,035.75) and the the last two years that have been analyzed (2013, 2014) with a price of ₦ 3,607,226.5.
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 77 % more affordable than the average price (₦ 3,030,125). Next with a price of ₦ 892,875 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 26% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₦ 1,913,506.