GMC Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for GMC cars have increased during the last 6 months. The average price in February was of $104,136. This price hardly went through any changes and remained at $102,693 during March. The average selling price has remained fairly constant during the following two months, going from $103,414.5 to $107,503. The average price has had spectacular rise of 25 % with an average price of $105,458.75 during the previous 4 months and $131,499 during the most recent months in June and July.
The average price for GMC has had a strong rise in recent years. Between "before 2000" and 2018, the average price is $33,876.8. There was a significant inflation of the average price in "before 2000" ($23,795) moving up till ($71,055)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 140 %. During the last two years, prices in the car industry have gone up 11 % 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 ($91,067.25) and the the last two years that were studied (2021, 2022) with a price of $100,806.5.
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 78 % more affordable than the average price ($135,240). Next with a price of $61,167 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 13% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $91,683.
The graph showing the average price for the fuel type for GMC cars points out to "Gas" as being the cheapest fuel type. It is 71 % less expensive than the average market price ($135,240) followed by "Flexible" priced at $41,960. On average the cheapest type of fuel is "Gasoline". It´s price is 32 % more affordable than the average market value followed by "Diesel" with a price of $85,162.
The graph showing the average price for GMC cars displays those with 2 doors as the cheapest ones. They are 72 % more affordable than the average price ($135,240). These are followed by those with 5 doors with an average price of $39,371. Cars with the lowest average price have 4 !doors and are 31 % cheaper than the average followed by those with 3 doors with a selling price of $45,646.