Volvo V40 Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.
The selling price for Volvo V40 cars has had a strong depreciation during the last 6 months we have studied. The average price in October was of ₦ 553,750. This price hardly went through any changes and remained at ₦ 556,000 during November. The following two months the selling price went through a strong reduction of -21 % compared to the previous two months studied. In the last two, the price has gone through a -14 % devaluation compared to the previous average values going down from ₦ 496,604.25 to ₦ 426,500 during February and March.