Price for Genesis
Genesis Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Genesis cars have increased during the last 6 months. In October the price for a car is $92,605 increasing till $100,068 in November. The average selling price has remained fairly constant during the following two months, going from $96,336.5 to $100,492.5. During the last couple of months, the average price has hardly changed, remaining the same going from $98,414.5 to $101,443 during February and March.
The average price for Genesis has had a strong rise in recent years. During the first sample analyzed, going from 2017 to 2020, the average price was $44,012.5. Please take note of of the significant depreciation in the prices between 2017 ($45,666) and 2020 ($30,576). During the next two years (2021, 2022) the price for the aforementioned model has gone up strongly a 15 %. During the last two years, prices in the car industry have gone through a strong rise of 28 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample ($70,068.5) and the the last two years that have been analyzed (2023, 2024) with a price of $89,389.
The graph that displays the price for Genesis cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 83 % more affordable than the average price ($101,521). Next with a price of $38,395 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 0% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $61,758.
The graph showing the average price for the fuel type for Genesis cars points out to "Electric" as being the cheapest fuel type. It is 37 % less expensive than the average market price ($101,521) followed by "Flexible" priced at $65,859. On average the cheapest type of fuel is "Gasoline". It´s price is 23 % more affordable than the average market value followed by "Gas" with a price of $70,938.
