Honda Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Honda cars have gone through a strong rise during the last 6 months. The average price in June was of $45,700. This price hardly went through any changes and remained at $45,274 during July. During the following two months (August, September) the average selling price rose somewhat going from $45,487 to $49,841.5. The average price has had spectacular rise of 42 % with an average price of $47,664.25 during the previous 4 months and $67,656 during the most recent months in October and November.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2015, the average price is $10,197.47. There was a significant inflation of the average price in "before 2000" ($6,868) moving up till ($23,072)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 148 %. During the last two years, prices in the car industry have gone up 14 % 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 ($29,281.5) and the the last two years that were studied (2018, 2019) with a price of $33,299.5.
The graph that displays the price for Honda 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 87 % more affordable than the average price ($67,262). Next with a price of $19,257 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 39% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $26,511.
The graph showing the average price for the fuel type for Honda cars points out to "Diesel" as being the cheapest fuel type. It is 66 % less expensive than the average market price ($67,262) followed by "Petrol" priced at $24,044. On average the cheapest type of fuel is "Gasoline". It´s price is 31 % more affordable than the average market value followed by "Petrol" with a price of $24,044.
The graph showing the average price for Honda cars displays those with 2 doors as the cheapest ones. They are 90 % more affordable than the average price ($67,262). These are followed by those with 5 doors with an average price of $31,574. Cars with the lowest price have 4 doors and are 51 % cheaper than the average previously displayed.