Price for Volvo
Volvo 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 Volvo cars has had a strong depreciation during the last 6 months we have studied. The average price in June was of $489,602. This price hardly went through any changes and remained at $489,253 during July. The following two months the selling price went through a strong reduction of -70 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -51 % compared to the 4 previous average values going down from $318,456.5 to $157,144.5.
The average price for Volvo has had a strong rise in recent years. Between "before 2000" and 2017, the average price is $13,493.79. There was a significant inflation of the average price in "before 2000" ($3,932) moving up till ($44,497)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 321 %. During the last two years, prices in the car industry have gone up 9 % 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 ($62,769.75) and the the last two years that were studied (2020, 2021) with a price of $68,714.
The graph that displays the price for Volvo 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 96 % more affordable than the average price ($192,066). Next with a price of $48,676 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 58% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $66,847.
The graph showing the average price for the fuel type for Volvo cars points out to "Electric" as being the cheapest fuel type. It is 70 % less expensive than the average market price ($192,066) followed by "Hybrid" priced at $57,396. On average the cheapest type of fuel is "Gas". It´s price is 66 % more affordable than the average market value followed by "Gasoline" with a price of $58,837.
The graph displaying the average price for vehicles with doors shows that Volvo automobiles with the cheapest price have 2 doors. They are 93 % cheaper than the average price for this model priced at $12,821. Cars with the lowest price have 4 doors and are 67 % cheaper than the average previously displayed.
