Nissan 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 Nissan cars has had a strong depreciation during the last 6 months we have studied. The average price in October was of S$ 176,231. This price hardly went through any changes and remained at S$ 181,281 during November. The following two months the selling price went through a strong reduction of -17 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -22 % compared to the 4 previous average values going down from S$ 164,005.5 to S$ 127,806.5.
The average price for Nissan has gone through a significant depreciation in recent years. During the first sample analyzed, going from "before 2000" to 2019, the average price was S$ 69,264.94. Please take note of of the significant depreciation in the prices between "before 2000" (S$ 184,816) and 2019 (S$ 73,302). During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 31 %. During the last two years, prices in the car industry have gone up 12 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (S$ 103,403) and the the last two years that were studied (2022, 2023) with a price of S$ 115,839.
The graph that displays the price for Nissan cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 65 % more affordable than the average price (S$ 110,671). Next with a price of S$ 47,865 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 2% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of S$ 82,123.
The graph showing the average price for the fuel type for Nissan cars points out to "Diesel" as being the cheapest fuel type. It is 57 % less expensive than the average market price (S$ 110,671) followed by "Gasoline" priced at S$ 64,459. On average the cheapest type of fuel is "Gasoline". It´s price is 42 % more affordable than the average market value followed by "Diesel" with a price of S$ 47,632.