BMW 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 BMW cars has had a strong depreciation during the last 6 months we have studied. The average price for September is $226,811. During October there was a slight reduction in the selling prices dropping till $212,164. The following two months (November, December) the selling price went through a devaluation of -11 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -14 % devaluation compared to the previous average values going down from $207,077.25 to $177,539 during January and February.
The average price for BMW has had a strong rise in recent years. Between "before 2000" and 2016, the average price is $28,879.89. There was a significant inflation of the average price in "before 2000" ($25,284) moving up till ($73,410)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 279 %. During the last two years, prices in the car industry have gone through a strong rise of 20 % 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 ($136,567.5) and the the last two years that have been analyzed (2019, 2020) with a price of $163,725.5.
The graph that displays the price for BMW 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 97 % more affordable than the average price ($180,182). Next with a price of $24,213 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 4% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $95,935.
The graph showing the average price for the fuel type for BMW cars points out to "Diesel" as being the cheapest fuel type. It is 84 % less expensive than the average market price ($180,182) followed by "Gas" priced at $57,727. On average the cheapest type of fuel is "Gasoline". It´s price is 34 % more affordable than the average market value followed by "Gas" with a price of $57,727.
The graph showing the average price for BMW cars displays those with 5 doors as the cheapest ones. They are 89 % more affordable than the average price ($180,182). These are followed by those with 4 doors with an average price of $136,432. Cars with the lowest price have 2 doors and are 10 % cheaper than the average previously displayed.