Honda 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 Honda cars has had a strong depreciation during the last 6 months we have studied. During the first month analyzed in October the average price was $89,464. November went through a strong inflation with a rise in the price till $106,714. The following two months the selling price went through a strong reduction of -35 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -24 % compared to the 4 previous average values going down from $80,711.75 to $61,219.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2016, the average price is $15,493.33. There was a significant inflation of the average price in "before 2000" ($8,234) moving up till ($34,645)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 161 %. 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 ($45,367.75) and the the last two years that were studied (2019, 2020) with a price of $50,364.
The graph that displays the price for Honda 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 84 % more affordable than the average price ($60,717). Next with a price of $20,687 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 9% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $40,765.
The graph showing the average price for the fuel type for Honda cars points out to "Hybrid" as being the cheapest fuel type. It is 61 % less expensive than the average market price ($60,717) followed by "Gas" priced at $26,266. On average the cheapest type of fuel is "Gasoline". It´s price is 22 % more affordable than the average market value followed by "Gas" with a price of $26,266.
The graph showing the average price for Honda cars displays those with 5 doors as the cheapest ones. They are 80 % more affordable than the average price ($60,717). These are followed by those with 2 doors with an average price of $24,674. Cars with the lowest price have 4 doors and are 16 % cheaper than the average previously displayed.