GMC Sierra 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 GMC Sierra cars has had a strong depreciation during the last 6 months we have studied. The average price in November was of $161,694. This price hardly went through any changes and remained at $155,214 during December. The following two months the selling price went through a strong reduction of -38 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -23 % compared to the 4 previous average values going down from $128,035.5 to $98,745.5.
The average price for GMC Sierra has had a strong rise in recent years. Between "before 2000" and 2018, the average price is $32,001.9. There was a significant inflation of the average price in "before 2000" ($14,509) moving up till ($72,125)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 163 %. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of $87,945.5 in 2021 and $91,800.5 during 2022.
The graph that displays the price for GMC Sierra 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 68 % more affordable than the average price ($98,184). Next with a price of $59,999 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 3% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $90,930.
The graph showing the average price for the fuel type for GMC Sierra cars points out to "Flexible Fuel" as being the cheapest fuel type. It is 74 % less expensive than the average market price ($98,184) followed by "Flexible" priced at $37,771. On average the cheapest type of fuel is "Diesel". It´s price is 6 % more affordable than the average market value followed by "Gas" with a price of $75,573.
The graph displaying the average price for vehicles with doors shows that GMC Sierra automobiles with the cheapest price have 2 doors. They are 75 % cheaper than the average price for this model priced at $24,346. Cars with the lowest price have 4 doors and are 13 % cheaper than the average previously displayed.