Honda Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Honda cars has fallen during the last 6 months we have analyzed. In February the price for a car is $156,972 increasing till $170,241 in March. The average selling price has remained fairly constant during the following two months, going from $163,606.5 to $155,577.5. In the last two months, the price has gone through a strong devaluation of -40 % compared to the 4 previous average values going down from $159,592 to $95,752.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2015, the average price is $22,212.18. There was a significant inflation of the average price in "before 2000" ($9,408) moving up till ($33,352)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 79 %. During the last two years, prices in the car industry have gone up 10 % 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 ($44,051.75) and the the last two years that were studied (2018, 2019) with a price of $48,304.
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 87 % more affordable than the average price ($76,479). Next with a price of $22,349 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 13% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $41,904.
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 88 % less expensive than the average market price ($76,479) followed by "Hybrid" priced at $27,300. On average the cheapest type of fuel is "Gasoline". It´s price is 42 % more affordable than the average market value followed by "Gas" with a price of $32,721.
The graph showing the average price for Honda cars displays those with 5 doors as the cheapest ones. They are 74 % more affordable than the average price ($76,479). These are followed by those with 2 doors with an average price of $25,401. Cars with the lowest price have 4 doors and are 33 % cheaper than the average previously displayed.