Volvo V70 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 V70 cars has had a strong depreciation during the last 6 months we have studied. In October the price for a car is ₦ 1,082,143 increasing till ₦ 1,156,250 in November. The following two months the selling price went through a strong reduction of -52 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -24 % compared to the 4 previous average values going down from ₦ 830,692 to ₦ 633,854.
The average price for Volvo V70 has become more expensive in recent years. Between 2004 y 2010, the average price is ₦ 325,000. There was a price inflation going from (₦ 316,667) to (₦ 333,333).
The graph that displays the price for Volvo V70 cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 57 % more affordable than the average price (₦ 633,333). Next with a price of ₦ 890,000 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 41% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₦ 275,000.