Nissan Micra 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 Micra cars has had a strong depreciation during the last 6 months we have studied. The average price in March was of ₹ 4.45 lakhs. This price hardly went through any changes and remained at ₹ 4.41 lakhs during April. The following two months the selling price went through a strong reduction of -18 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -20 % compared to the 4 previous average values going down from ₹ 4.03 lakhs to ₹ 3.21 lakhs.
The average price for Nissan Micra has had a strong rise in recent years. Between 2010 and 2014, the average price is ₹ 2.82 lakhs. There was a significant inflation of the average price in 2010 (₹ 2.17 lakhs) moving up till (₹ 3.27 lakhs)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 40 %. During the last two years, prices in the car industry have gone up 10 % 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 (₹ 4.39 lakhs) and the the last two years that were studied (2017, 2018) with a price of ₹ 4.82 lakhs.
The graph that displays the price for Nissan Micra cars according to their mileage shows that those cars within a mileage range of "50,000 - 1,00,000" are the ones with the lowest price. They are 9 % more affordable than the average price (₹ 3.15 lakhs). Next with a price of ₹ 3.22 lakhs and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 10% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₹ 3.35 lakhs.
The graph showing the average price for the fuel type for Nissan Micra cars points out to "Petrol" as being the cheapest fuel type. It is 9 % less expensive than the average market price (₹ 3.15 lakhs) followed by "Diesel" priced at ₹ 3.12 lakhs. On average the cheapest type of fuel is "Diesel". It´s price is 1 % more affordable than the average market value followed by "Petrol" with a price of ₹ 2.87 lakhs.