Ford Custom 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 Ford Custom cars has had a strong depreciation during the last 6 months we have studied. The average price in April was of $59,127. This price hardly went through any changes and remained at $57,096 during May. The following two months (June, July) the selling price went through a devaluation of -9 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -21 % compared to the 4 previous average values going down from $55,518 to $44,126.
The average price for Ford Custom has had a strong rise in recent years. Between "before 2000" and 2015, the average price is $24,671.5. There was a significant inflation of the average price in "before 2000" ($10,243) moving up till ($39,100)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 125 %. During the last two years, prices in the car industry have gone up 8 % 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 ($60,349) and the the last two years that were studied (2018, 2019) with a price of $65,088.
The graph that displays the price for Ford Custom cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 76 % more affordable than the average price ($49,695). Next with a price of $13,830 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 1% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at $46,105.