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. During the first month analyzed in November the average price was $419,923. December went through a strong inflation with a rise in the price till $779,039. The following two months the selling price went through a strong reduction of -89 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -81 % compared to the 4 previous average values going down from $331,233.25 to $62,749.
The average price for Hyundai has had a strong rise in recent years. Between "before 2000" and 2018, the average price is $15,326.35. There was a significant inflation of the average price in "before 2000" ($2,587) moving up till ($33,245)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 199 %. During the last two years, prices in the car industry have gone up 12 % 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 ($51,831.25) and the the last two years that were studied (2021, 2022) with a price of $57,802.5.
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 88 % more affordable than the average price ($62,445). Next with a price of $24,371 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 $55,268.
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 48 % less expensive than the average market price ($62,445) followed by "Electric" priced at $36,842. On average the cheapest type of fuel is "Gas". It´s price is 13 % more affordable than the average market value followed by "Gasoline" with a price of $50,183.
The graph showing the average price for Hyundai cars displays those with 2 doors as the cheapest ones. They are 76 % more affordable than the average price ($62,445). These are followed by those with 3 doors with an average price of $25,731. Cars with the lowest price have 4 doors and are 14 % cheaper than the average previously displayed.