Volvo XC90 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 XC90 cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₦ 2,820,864. During November there was a slight reduction in the selling prices dropping till ₦ 2,508,386. The following two months (December, January) the selling price went through a devaluation of -13 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -25 % compared to the 4 previous average values going down from ₦ 2,487,109.5 to ₦ 1,855,519.5.
The average price for Volvo XC90 has had a strong rise in recent years. During the first sample analyzed, going from 2004 to 2010, the average price was ₦ 1,699,895.75. Please take note of of the significant depreciation in the prices between 2004 (₦ 1,128,750) and 2010 (₦ 350,000).
The graph that displays the price for Volvo XC90 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 77 % more affordable than the average price (₦ 1,410,889). Next with a price of ₦ 1,041,667 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 185% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₦ 3,130,000.