Kia 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 Kia 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 $215,124. December went through a strong inflation with a rise in the price till $635,421. The following two months the selling price went through a strong reduction of -85 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -73 % compared to the 4 previous average values going down from $244,586.5 to $64,941.
The average price for Kia has had a strong rise in recent years. Between "before 2000" and 2018, the average price is $14,996.75. There was a significant inflation of the average price in "before 2000" ($5,275) moving up till ($42,997)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 222 %. During the last two years, prices in the car industry have gone up 11 % 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 ($54,442.75) and the the last two years that were studied (2021, 2022) with a price of $60,639.
The graph that displays the price for Kia 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 89 % more affordable than the average price ($65,479). Next with a price of $24,978 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 3% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $58,199.
The graph showing the average price for the fuel type for Kia cars points out to "Hybrid" as being the cheapest fuel type. It is 56 % less expensive than the average market price ($65,479) followed by "Electric" priced at $37,187. On average the cheapest type of fuel is "Gas". It´s price is 9 % more affordable than the average market value followed by "Gasoline" with a price of $54,369.
The graph showing the average price for Kia cars displays those with 2 doors as the cheapest ones. They are 83 % more affordable than the average price ($65,479). These are followed by those with 5 doors with an average price of $37,088. Cars with the lowest price have 4 doors and are 15 % cheaper than the average previously displayed.