Dodge Neon 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 Dodge Neon cars has had a strong depreciation during the last 6 months we have studied. In July the average price per vehicle is $5,829. During August the price went trough a strong deflation till $4,420. The following two months (September, October) the selling price went through a devaluation of -10 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 $4,867.25 to $4,630.5 during November and December.
The average price for Dodge Neon has gone down in recent years. During the first sample analyzed, going from "before 2000" to 2001, the average price was $3,109.67. Please take note of of the significant depreciation in the prices between "before 2000" ($3,838) and 2001 ($2,317). During the next two years (2002, 2003) the price for the aforementioned model has gone up strongly a 55 %. During the last two years, the car industry has had a strong deflation in its selling prices of -18 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample ($4,055.25) and the the last two years (2004, 2005) with a price of $3,305.5.
The graph that displays the price for Dodge Neon 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 32 % more affordable than the average price ($4,342). Next with a price of $3,094 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 100,000". It is 6% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at $3,177.