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. In April the price for a car is $151,536 increasing till $159,619 in May. The following two months the selling price went through a strong reduction of -38 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -35 % compared to the 4 previous average values going down from $125,664.75 to $81,500.5.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2015, the average price is $17,327.47. There was a significant inflation of the average price in "before 2000" ($8,817) moving up till ($31,048)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 132 %. 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 ($43,811.5) and the the last two years that were studied (2018, 2019) with a price of $47,481.
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 89 % more affordable than the average price ($86,373). Next with a price of $22,012 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 7% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $42,209.
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 71 % less expensive than the average market price ($86,373) followed by "Gas" priced at $33,728. On average the cheapest type of fuel is "Gasoline". It´s price is 49 % more affordable than the average market value followed by "Gas" with a price of $33,728.
The graph showing the average price for Honda cars displays those with 5 doors as the cheapest ones. They are 71 % more affordable than the average price ($86,373). These are followed by those with 2 doors with an average price of $25,728. Cars with the lowest price have 4 doors and are 41 % cheaper than the average previously displayed.