Hyundai 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 Hyundai cars has had a strong depreciation during the last 6 months we have studied. In November the average price per vehicle is $99,607. During December the price went trough a strong deflation till $62,006. The following two months the selling price went through a strong reduction of -31 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -25 % compared to the 4 previous average values going down from $68,275.5 to $51,321.
The average price for Hyundai has had a strong rise in recent years. Between "before 2000" and 2016, the average price is $12,008.89. There was a significant inflation of the average price in "before 2000" ($4,813) moving up till ($31,569)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 211 %. 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 ($41,619.75) and the the last two years that were studied (2019, 2020) with a price of $45,856.
The graph that displays the price for Hyundai 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 91 % more affordable than the average price ($52,395). Next with a price of $16,235 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 4% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $33,273.
The graph showing the average price for the fuel type for Hyundai cars points out to "Hybrid" as being the cheapest fuel type. It is 72 % less expensive than the average market price ($52,395) followed by "Gas" priced at $18,527. On average the cheapest type of fuel is "Gasoline". It´s price is 35 % more affordable than the average market value followed by "Gas" with a price of $18,527.
The graph showing the average price for Hyundai cars displays those with 5 doors as the cheapest ones. They are 80 % more affordable than the average price ($52,395). These are followed by those with 2 doors with an average price of $19,646. Cars with the lowest average price have 4 !doors and are 13 % cheaper than the average followed by those with 3 doors with a selling price of $21,957.