Mg 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 Mg cars has had a strong depreciation during the last 6 months we have studied. In October the price for a car is KSh 2,356,857 increasing till KSh 2,668,072 in November. The following two months the selling price went through a strong reduction of -46 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -100 % compared to the 4 previous average values going down from KSh 1,933,915.25 to .