Mercury 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 Mercury cars has had a strong depreciation during the last 6 months we have studied. In July the average price per vehicle is $556,541. During August the price went trough a strong deflation till $260,458. The following two months the selling price went through a strong reduction of -78 % compared to the previous two months studied. The average price has had spectacular rise of 43 % with an average price of $248,364 during the previous 4 months and $355,667 during the most recent months in November and December.
The average price for Mercury has had a strong rise in recent years. Between "before 2000" and 2008, the average price is $5,459.9. There was a significant inflation of the average price in "before 2000" ($4,783) moving up till ($8,520)in 2008. During the next two years (2009, 2010) the price for the aforementioned model has gone up strongly a 55 %. During the last two years, prices in the car industry have gone through a strong rise of 44 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample ($15,050) and the the last two years that have been analyzed (2011, 2017) with a price of $21,628.5.
The graph that displays the price for Mercury 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 99 % more affordable than the average price ($467,918). Next with a price of $19,425 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 100,000". It is 73% less expensive than the average market value followed by those cars with a mileage of "100,000 - 200,000" priced at $72,648.
The graph showing the average price for the fuel type for Mercury cars points out to "Flexible" as being the cheapest fuel type. It is 98 % less expensive than the average market price ($467,918) followed by "Gas" priced at $9,377. On average the cheapest type of fuel is "Gasoline". It´s price is 93 % more affordable than the average market value followed by "Gas" with a price of $9,377.
The graph displaying the average price for vehicles with doors shows that Mercury automobiles with the cheapest price have 2 doors. They are 99 % cheaper than the average price for this model priced at $6,956. Cars with the lowest price have 4 doors and are 98 % cheaper than the average previously displayed.