Chevrolet Suburban 1500 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 Suburban 1500 cars has had a strong depreciation during the last 6 months we have studied. In March the average price per vehicle is $30,341. During April the price went trough a strong deflation till $13,070. The following two months the selling price went through a strong reduction of -40 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -28 % compared to the 4 previous average values going down from $17,366 to $12,548.5.
The average price for Chevrolet Suburban 1500 has had a strong rise in recent years. Between 2002 and 2011, the average price is $10,016.6. There was a significant inflation of the average price in 2002 ($4,748) moving up till ($13,655)in 2011. During the next two years (2012, 2013) 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 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 ($19,019.75) and the the last two years that have been analyzed (2014, 2015) with a price of $22,510.