Price for Ford GT
Ford GT 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 GT cars has had a strong depreciation during the last 6 months we have studied. The average price in May was of $213,626. This price hardly went through any changes and remained at $219,328 during June. The following two months the selling price went through a strong reduction of -32 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -25 % compared to the 4 previous average values going down from $181,666.5 to $136,042.
The average price for Ford GT has gone through a significant depreciation in recent years. During 2005 and 2006, the average price was $308,896. During this period, prices pretty much remained constant. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -92 % compared to the previous period. During the last two years, the car industry has had a strong deflation in its selling prices of -19 % 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 ($20,245.75) and the the last two years (2016, 2018) with a price of $16,413.5.
The graph that displays the price for Ford GT cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 26 % more affordable than the average price ($127,586). Next with a price of $121,155 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 8% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of $121,155.
