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. The average price for February is $80,565. During March there was a slight reduction in the selling prices dropping till $74,083. The following two months (April, May) the selling price went through a devaluation of -9 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from $73,998 to $71,335.5 during June and July.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2018, the average price is $24,112.8. There was a significant inflation of the average price in "before 2000" ($14,180) moving up till ($42,893)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 97 %. During the last two years, prices in the car industry have gone up 7 % 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 ($50,794.5) and the the last two years that were studied (2021, 2022) with a price of $54,140.
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 81 % more affordable than the average price ($72,960). Next with a price of $31,917 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 17% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $51,303.
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 64 % less expensive than the average market price ($72,960) followed by "Gas" priced at $33,429. On average the cheapest type of fuel is "Gasoline". It´s price is 21 % more affordable than the average market value followed by "Hybrid" with a price of $38,802.
The graph showing the average price for Honda cars displays those with 5 doors as the cheapest ones. They are 81 % more affordable than the average price ($72,960). These are followed by those with 2 doors with an average price of $27,159. Cars with the lowest price have 4 doors and are 31 % cheaper than the average previously displayed.