Chevrolet Corvette 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 Chevrolet Corvette cars has had a strong depreciation during the last 6 months we have studied. In June the average price per vehicle is $207,474. During July the price went trough a strong deflation till $165,673. The following two months (August, September) the selling price went through a devaluation of -14 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from $173,949 to $174,661.5 during October and November.
The average price for Chevrolet Corvette has had a strong rise in recent years. Between "before 2000" and 2015, the average price is $35,732.41. There was a significant inflation of the average price in "before 2000" ($32,928) moving up till ($67,415)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 110 %. During the last two years, prices in the car industry have gone up 14 % 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 ($87,252.75) and the the last two years that were studied (2018, 2019) with a price of $99,545.5.
The graph that displays the price for Chevrolet Corvette 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 92 % more affordable than the average price ($178,513). Next with a price of $26,881 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 6% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at $102,360.
The graph showing the average price for the fuel type for Chevrolet Corvette cars points out to "Gas" as being the cheapest fuel type. It is 80 % less expensive than the average market price ($178,513) followed by "Gasoline" priced at $115,176. 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 $35,057.
The graph showing the average price for Chevrolet Corvette cars displays those with 4 doors as the cheapest ones. They are 83 % more affordable than the average price ($178,513). These are followed by those with 5 doors with an average price of $29,957. Cars with the lowest price have 2 doors and are 48 % cheaper than the average previously displayed.