Chevrolet Equinox 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 Equinox cars has had a strong depreciation during the last 6 months we have studied. In August the average price per vehicle is $55,094. During September the price went trough a strong deflation till $42,543. The following two months (October, November) the selling price went through a devaluation of -15 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -8 % devaluation compared to the previous average values going down from $45,244.75 to $41,420.5 during December and January.
The average price for Chevrolet Equinox has had a strong rise in recent years. Between 2005 and 2016, the average price is $11,617.67. There was a significant inflation of the average price in 2005 ($4,485) moving up till ($21,798)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 128 %. During the last two years, prices in the car industry have gone through a strong rise of 18 % 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 ($32,296.5) and the the last two years that have been analyzed (2019, 2020) with a price of $38,161.
The graph that displays the price for Chevrolet Equinox 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 ($41,131). Next with a price of $15,279 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 0% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $28,286.
The graph showing the average price for the fuel type for Chevrolet Equinox cars points out to "Flexible" as being the cheapest fuel type. It is 74 % less expensive than the average market price ($41,131) followed by "Flexible Fuel" priced at $12,056. On average the cheapest type of fuel is "Gasoline". It´s price is 16 % more affordable than the average market value followed by "Diesel" with a price of $25,402.