Honda 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 Honda cars has had a strong depreciation during the last 6 months we have studied. During the first month analyzed in January the average price was $102,802. February went through a strong inflation with a rise in the price till $144,708. The following two months the selling price went through a strong reduction of -47 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -33 % compared to the 4 previous average values going down from $94,965.5 to $63,889.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2016, the average price is $10,136.44. There was a significant inflation of the average price in "before 2000" ($6,026) moving up till ($22,967)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 153 %. During the last two years, prices in the car industry have gone up 13 % 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 ($29,623.5) and the the last two years that were studied (2019, 2020) with a price of $33,586.5.
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 80 % more affordable than the average price ($49,109). Next with a price of $18,523 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 22% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $30,263.
The graph showing the average price for the fuel type for Honda cars points out to "Petrol" as being the cheapest fuel type. It is 63 % less expensive than the average market price ($49,109) followed by "Diesel" priced at $21,608. On average the cheapest type of fuel is "Gasoline". It´s price is 21 % more affordable than the average market value followed by "Diesel" with a price of $21,608.
The graph showing the average price for Honda cars displays those with 2 doors as the cheapest ones. They are 84 % more affordable than the average price ($49,109). These are followed by those with 4 doors with an average price of $13,210. Cars with the lowest price have 5 doors and are 56 % cheaper than the average previously displayed.