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. In August the average price per vehicle is $171,944. During September the price went trough a strong deflation till $119,772. During the following two months (October, November) the average selling price experienced a noticeable rise, going up 17 % from $145,858 to $170,140.5. In the last two months, the price has gone through a strong devaluation of -25 % compared to the 4 previous average values going down from $157,999.25 to $118,370.5.
The average price for GMC has had a strong rise in recent years. Between "before 2000" and 2015, the average price is $30,535.65. There was a significant inflation of the average price in "before 2000" ($18,875) moving up till ($61,618)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 125 %. 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 ($76,300.5) and the the last two years that were studied (2018, 2019) with a price of $83,990.
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 83 % more affordable than the average price ($128,731). Next with a price of $44,499 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 17% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $74,957.
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 57 % less expensive than the average market price ($128,731) followed by "Flexible" priced at $64,647. On average the cheapest type of fuel is "Gasoline". It´s price is 41 % more affordable than the average market value followed by "Diesel" with a price of $67,489.
The graph showing the average price for GMC cars displays those with 5 doors as the cheapest ones. They are 78 % more affordable than the average price ($128,731). These are followed by those with 3 doors with an average price of $39,608. Cars with the lowest average price have 4 !doors and are 36 % cheaper than the average followed by those with 2 doors with a selling price of $47,995.