Kia Sorento Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Kia Sorento cars has fallen during the last 6 months we have analyzed. The average price in November was of $57,488. This price hardly went through any changes and remained at $56,562 during December. The following two months (January, February) the selling price went through a devaluation of -5 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 $55,458.25 to $49,407.5 during March and April.
The average price for Kia Sorento has had a strong rise in recent years. Between 2004 and 2015, the average price is $14,540.42. There was a significant inflation of the average price in 2004 ($5,600) moving up till ($32,271)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 159 %. During the last two years, prices in the car industry have gone through a strong rise of 16 % 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 ($44,772.75) and the the last two years that have been analyzed (2018, 2019) with a price of $51,905.5.
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 88 % more affordable than the average price ($50,921). Next with a price of $15,821 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 1% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $45,293.
The graph showing the average price for the fuel type for Kia Sorento cars points out to "Gasoline" as being the cheapest fuel type. It is 74 % less expensive than the average market price ($50,921) followed by "Diesel" priced at $49,808. On average the cheapest type of fuel is "Diesel". It´s price is 2 % more affordable than the average market value followed by "Gasoline" with a price of $13,081.