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 October the average price per vehicle is $228,232. During November the price went trough a strong deflation till $180,261. The following two months (December, January) the selling price went through a devaluation of -11 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -6 % devaluation compared to the previous average values going down from $192,746 to $181,979 during February and March.
The average price for GMC has had a strong rise in recent years. Between "before 2000" and 2020, the average price is $38,600.05. There was a significant inflation of the average price in "before 2000" ($29,939) moving up till ($83,291)in 2020. During the next two years (2021, 2022) the price for the aforementioned model has gone up strongly a 150 %. During the last two years, prices in the car industry have gone up 9 % 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 ($105,583.5) and the the last two years that were studied (2023, 2024) with a price of $114,565.
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 81 % more affordable than the average price ($184,386). Next with a price of $62,513 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 25% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $96,068.
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 86 % less expensive than the average market price ($184,386) followed by "Gas" priced at $87,693. On average the cheapest type of fuel is "Diesel". It´s price is 43 % more affordable than the average market value followed by "Gasoline" with a price of $100,230.
The graph showing the average price for GMC cars displays those with 3 doors as the cheapest ones. They are 79 % more affordable than the average price ($184,386). These are followed by those with 5 doors with an average price of $52,218. Cars with the lowest average price have 4 !doors and are 38 % cheaper than the average followed by those with 2 doors with a selling price of $52,543.