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 December the average price was $117,129. January went through a strong inflation with a rise in the price till $142,604. During the following two months (February, March) the average selling price experienced a noticeable rise, going up 26 % from $129,866.5 to $163,606.5. The average price has risen 6 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price ($155,577.5) during April and May.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2015, the average price is $26,161.18. There was a significant inflation of the average price in "before 2000" ($12,343) moving up till ($32,826)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 56 %. 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 ($44,890.5) and the the last two years that were studied (2018, 2019) with a price of $48,993.
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 93 % more affordable than the average price ($159,619). Next with a price of $24,837 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 22% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $42,146.
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 93 % less expensive than the average market price ($159,619) followed by "Hybrid" priced at $27,779. On average the cheapest type of fuel is "Gasoline". It´s price is 69 % more affordable than the average market value followed by "Gas" with a price of $35,454.
The graph showing the average price for Honda cars displays those with 5 doors as the cheapest ones. They are 89 % more affordable than the average price ($159,619). These are followed by those with 2 doors with an average price of $25,935. Cars with the lowest price have 4 doors and are 66 % cheaper than the average previously displayed.