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. The average price in July was of $992,543. This price hardly went through any changes and remained at $953,066 during August. The following two months the selling price went through a strong reduction of -60 % compared to the previous two months studied. The average price has risen 13 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price ($769,194) during November and December.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2017, the average price is $50,008.37. There was a significant inflation of the average price in "before 2000" ($30,158) moving up till ($40,695)in 2017. Cars belonging to the model aforementioned had a price deflation of -6 percent in the next two years (2018, 2019) compared to the previous two years. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of $49,490 in 2020 and $51,882 during 2021.
The graph that displays the price for Honda cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 94 % more affordable than the average price ($867,818). Next with a price of $52,867 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "100,000 - 200,000". It is 12% less expensive than the average market value followed by those cars with a mileage of "more than 200,000" priced at $217,343.
The graph showing the average price for the fuel type for Honda cars points out to "Flexible" as being the cheapest fuel type. It is 97 % less expensive than the average market price ($867,818) followed by "Hybrid" priced at $37,905. On average the cheapest type of fuel is "Gas". It´s price is 94 % more affordable than the average market value followed by "Gasoline" with a price of $48,781.
The graph showing the average price for Honda cars displays those with 5 doors as the cheapest ones. They are 98 % more affordable than the average price ($867,818). These are followed by those with 2 doors with an average price of $28,889. Cars with the lowest price have 4 doors and are 94 % cheaper than the average previously displayed.