GMC Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for GMC cars have gone through a strong rise during the last 6 months. The average price in July was of $88,069. This price hardly went through any changes and remained at $90,325 during August. During the following two months (September, October) the average selling price experienced a noticeable rise, going up 53 % from $89,197 to $136,061.5. In the last two, the price has gone through a -14 % devaluation compared to the previous average values going down from $112,629.25 to $97,028.5 during November and December.
The average price for GMC has had a strong rise in recent years. Between "before 2000" and 2015, the average price is $25,711.82. There was a significant inflation of the average price in "before 2000" ($14,493) moving up till ($54,047)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 135 %. During the last two years, prices in the car industry have gone up 12 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample ($68,838.5) and the the last two years that were studied (2018, 2019) with a price of $77,238.
The graph that displays the price for GMC 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 77 % more affordable than the average price ($91,570). Next with a price of $43,752 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 $65,884.
The graph showing the average price for the fuel type for GMC cars points out to "Flexible Fuel" as being the cheapest fuel type. It is 64 % less expensive than the average market price ($91,570) followed by "Flexible" priced at $49,794. On average the cheapest type of fuel is "Gasoline". It´s price is 20 % more affordable than the average market value followed by "Diesel" with a price of $64,994.
The graph showing the average price for GMC cars displays those with 5 doors as the cheapest ones. They are 73 % more affordable than the average price ($91,570). These are followed by those with 3 doors with an average price of $35,265. Cars with the lowest average price have 4 !doors and are 8 % cheaper than the average followed by those with 2 doors with a selling price of $41,564.