Toyota 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 Toyota cars has had a strong depreciation during the last 6 months we have studied. The average price in November was of $454,295. This price hardly went through any changes and remained at $462,978 during December. The following two months the selling price went through a strong reduction of -16 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -37 % compared to the 4 previous average values going down from $420,992.75 to $265,358.
The average price for Toyota has had a strong rise in recent years. Between "before 2000" and 2016, the average price is $45,156.78. There was a significant inflation of the average price in "before 2000" ($36,176) moving up till ($85,705)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 105 %. During the last two years, prices in the car industry have experienced a depreciation of -14 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample ($81,406.75) and the the last two years analyzed (2019, 2020) with a price of $70,322.5.
The graph that displays the price for Toyota 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 74 % more affordable than the average price ($313,328). Next with a price of $90,830 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "100,000 - 200,000". It is 57% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at $109,614.
The graph showing the average price for the fuel type for Toyota cars points out to "Hybrid" as being the cheapest fuel type. It is 89 % less expensive than the average market price ($313,328) followed by "Petrol" priced at $55,512. On average the cheapest type of fuel is "Gasoline". It´s price is 41 % more affordable than the average market value followed by "Diesel" with a price of $110,900.
The graph showing the average price for Toyota cars displays those with 3 doors as the cheapest ones. They are 88 % more affordable than the average price ($313,328). These are followed by those with 2 doors with an average price of $76,931. Cars with the lowest average price have 4 !doors and are 69 % cheaper than the average followed by those with 5 doors with a selling price of $82,145.