GMC 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 GMC cars has had a strong depreciation during the last 6 months we have studied. The average price for July is $947,500. During August there was a slight reduction in the selling prices dropping till $828,474. The following two months the selling price went through a strong reduction of -79 % compared to the previous two months studied. The average price has had spectacular rise of 18 % with an average price of $536,159.25 during the previous 4 months and $633,444.5 during the most recent months in November and December.
The average price for GMC has had a strong rise in recent years. Between "before 2000" and 2017, the average price is $32,307.16. There was a significant inflation of the average price in "before 2000" ($25,467) moving up till ($67,827)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 138 %. During the last two years, prices in the car industry have gone up 10 % 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 ($85,766.5) and the the last two years that were studied (2020, 2021) with a price of $94,610.5.
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 88 % more affordable than the average price ($762,768). Next with a price of $89,524 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most affordable cars is "100,000 - 200,000". It is 62% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at $170,959.
The graph showing the average price for the fuel type for GMC cars points out to "Flexible" as being the cheapest fuel type. It is 93 % less expensive than the average market price ($762,768) followed by "Gasoline" priced at $80,278. On average the cheapest type of fuel is "Diesel". It´s price is 88 % more affordable than the average market value followed by "Gas" with a price of $93,339.
The graph showing the average price for GMC cars displays those with 2 doors as the cheapest ones. They are 96 % more affordable than the average price ($762,768). These are followed by those with 5 doors with an average price of $38,457. Cars with the lowest average price have 4 !doors and are 88 % cheaper than the average followed by those with 3 doors with a selling price of $40,607.