Volvo V50 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 V50 cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₦ 1,588,889. During November the price went trough a strong deflation till ₦ 1,314,286. The following two months the selling price went through a strong reduction of -33 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -64 % compared to the 4 previous average values going down from ₦ 1,212,252 to ₦ 441,250.