Volvo 940 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 Volvo 940 cars have gone through a strong rise during the last 6 months. During the first month analyzed in October the average price was ₦ 675,000. November went through a strong inflation with a rise in the price till ₦ 1,116,667. During the following two months (December, January) the average selling price experienced a noticeable rise, going up 18 % from ₦ 895,833.5 to ₦ 1,054,167. In the last two months, the price has gone through a strong devaluation of -33 % compared to the 4 previous average values going down from ₦ 975,000.25 to ₦ 652,500.