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 May the average price per vehicle is $138,185. During June the price went trough a strong deflation till $102,750. The following two months the selling price went through a strong reduction of -26 % compared to the previous two months studied. The average price has had spectacular rise of 30 % with an average price of $104,832.25 during the previous 4 months and $136,061.5 during the most recent months in September and October.
The average price for GMC has had a strong rise in recent years. Between "before 2000" and 2015, the average price is $26,721.53. There was a significant inflation of the average price in "before 2000" ($15,367) moving up till ($56,622)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 137 %. 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 ($70,706.75) and the the last two years that were studied (2018, 2019) with a price of $78,055.
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 82 % more affordable than the average price ($123,036). Next with a price of $42,971 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 14% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $66,019.
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 70 % less expensive than the average market price ($123,036) followed by "Flexible" priced at $55,863. On average the cheapest type of fuel is "Gasoline". It´s price is 40 % more affordable than the average market value followed by "Diesel" with a price of $66,924.
The graph showing the average price for GMC cars displays those with 5 doors as the cheapest ones. They are 86 % more affordable than the average price ($123,036). These are followed by those with 3 doors with an average price of $36,544. Cars with the lowest average price have 4 !doors and are 32 % cheaper than the average followed by those with 2 doors with a selling price of $41,234.