Kia Sorento 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 Sorento cars has had a strong depreciation during the last 6 months we have studied. The average price for August is $50,601. During September there was a slight reduction in the selling prices dropping till $47,242. The following two months (October, November) the selling price went through a devaluation of -14 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from $45,519.25 to $39,987.5 during December and January.
The average price for Kia Sorento has had a strong rise in recent years. Between 2011 and 2020, the average price is $20,531.3. There was a significant inflation of the average price in 2011 ($11,829) moving up till ($43,969)in 2020. During the next two years (2021, 2022) the price for the aforementioned model has gone up strongly a 115 %. During the last two years, prices in the car industry have gone through a strong rise of 18 % 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 ($53,977) and the the last two years that have been analyzed (2023, 2024) with a price of $63,794.5.
The graph that displays the price for Kia Sorento 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 73 % more affordable than the average price ($35,455). Next with a price of $20,214 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 88% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of $59,915.
The graph showing the average price for the fuel type for Kia Sorento cars points out to "Diesel" as being the cheapest fuel type. It is 8 % less expensive than the average market price ($35,455) followed by "Gasoline" priced at $38,961. On average the most expensive type of fuel is "Petrol". It´s price is 14 % higher than the average market price followed by "Gasoline" which costs $38,961.
The graph displaying the average price for vehicles with doors shows that Kia Sorento automobiles with the cheapest price have 4 doors. They are 57 % cheaper than the average price for this model priced at $15,187. Cars with the the highest price have 5 doors and are 7 % more expensive than the average mentioned before.