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 February is $166,156. During March there was a slight reduction in the selling prices dropping till $155,144. The following two months (April, May) the selling price went through a devaluation of -13 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -36 % compared to the 4 previous average values going down from $150,161.5 to $95,409.5.
The average price for GMC has had a strong rise in recent years. Between "before 2000" and 2015, the average price is $30,482.88. There was a significant inflation of the average price in "before 2000" ($17,995) moving up till ($57,581)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 108 %. 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 ($71,189) and the the last two years that were studied (2018, 2019) with a price of $78,866.5.
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 74 % more affordable than the average price ($88,069). Next with a price of $43,570 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 1% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $66,766.
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 ($88,069) followed by "Flexible" priced at $60,158. On average the cheapest type of fuel is "Gasoline". It´s price is 17 % more affordable than the average market value followed by "Diesel" with a price of $63,977.
The graph showing the average price for GMC cars displays those with 5 doors as the cheapest ones. They are 72 % more affordable than the average price ($88,069). These are followed by those with 3 doors with an average price of $42,934. Cars with the lowest average price have 4 !doors and are 7 % cheaper than the average followed by those with 2 doors with a selling price of $45,762.