Honda Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Honda cars have gone through a strong rise during the last 6 months. During the first month analyzed in March the average price was $120,481. April went through a strong inflation with a rise in the price till $160,868. During the following two months (May, June) the average selling price experienced a noticeable rise, going up 24 % from $140,674.5 to $174,885. The average price has risen 12 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price ($176,216.5) during July and August.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2019, the average price is $26,019.76. There was a significant inflation of the average price in "before 2000" ($18,430) moving up till ($45,403)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 72 %. During the last two years, prices in the car industry have gone up 8 % 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 ($48,729) and the the last two years that were studied (2022, 2023) with a price of $52,773.
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 92 % more affordable than the average price ($183,682). Next with a price of $40,392 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 50% less expensive than the average market value followed by those cars with a mileage of "100,000 - 200,000" priced at $52,063.
The graph showing the average price for the fuel type for Honda cars points out to "Diesel" as being the cheapest fuel type. It is 84 % less expensive than the average market price ($183,682) followed by "Hybrid" priced at $39,213. On average the cheapest type of fuel is "Gasoline". It´s price is 70 % more affordable than the average market value followed by "Gas" with a price of $52,738.
The graph showing the average price for Honda cars displays those with 2 doors as the cheapest ones. They are 88 % more affordable than the average price ($183,682). These are followed by those with 5 doors with an average price of $29,222. Cars with the lowest price have 4 doors and are 72 % cheaper than the average previously displayed.