Honda City 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 City cars has had a strong depreciation during the last 6 months we have studied. The average price for October is $16,447. During November there was a slight reduction in the selling prices dropping till $14,185. The following two months (December, January) the selling price went through a devaluation of -6 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -11 % devaluation compared to the previous average values going down from $14,874.75 to $13,180.5 during February and March.
The average price for Honda City has gone down in recent years. During the first sample analyzed (2009 - 2010), the average selling price stood at $9,685. During this time, the price for 2009 which was $10,313 decreased to $9,057 during 2010.
The graph that displays the price for Honda City cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 21 % more affordable than the average price ($12,923). Next with a price of $17,188 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 33% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of $10,257.
The graph showing the average price for the fuel type for Honda City cars points out to "Gasoline" as being the cheapest fuel type. It is 7 % less expensive than the average market price ($12,923) followed by "Petrol" priced at $15,820. On average the most expensive type of fuel is "Petrol". It´s price is 22 % higher than the average market price followed by "Gasoline" which costs $11,968.