Price for Hino
Hino 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 Hino cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is $76,381. During November the price went trough a strong deflation till $55,621. The following two months (December, January) the selling price went through a devaluation of -11 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -8 % devaluation compared to the previous average values going down from $62,233.25 to $56,964.5 during February and March.
The average price for Hino has had a strong rise in recent years. Between 2008 y 2017, the average price is $46,095.33. There was a price inflation going from ($43,330) to ($46,133). During the next two years (2018, 2019), the average price went up 12 % moving from !PRECIO1! to $51,758.5, During the last two years, prices in the car industry have gone through a strong rise of 38 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample ($83,813) and the the last two years that have been analyzed (2021, 2023) with a price of $115,867.5.
The graph that displays the price for Hino 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 45 % more affordable than the average price ($58,851). Next with a price of $41,622 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 83% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of $58,336.
