Kia Optima 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 Kia Optima cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is $19,359. During November the price went trough a strong deflation till $15,139. The average selling price has remained fairly constant during the following two months, going from $17,249 to $16,597. In the last two, the price has gone through a -7 % devaluation compared to the previous average values going down from $16,923 to $15,726.5 during February and March.
The average price for Kia Optima has had a strong rise in recent years. Between 2004 and 2014, the average price is $11,257.2. There was a significant inflation of the average price in 2004 ($3,833) moving up till ($13,410)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 57 %. During the last two years, prices in the car industry have gone through a strong rise of 25 % 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 ($23,668) and the the last two years that have been analyzed (2017, 2019) with a price of $29,644.
The graph that displays the price for Kia Optima 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 20 % more affordable than the average price ($15,105). Next with a price of $15,922 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 51% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of $20,299.