GMC Sonoma 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 Sonoma cars has had a strong depreciation during the last 6 months we have studied. The average price in November was of $6,887. This price hardly went through any changes and remained at $7,058 during December. The following two months the selling price went through a strong reduction of -16 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -22 % compared to the 4 previous average values going down from $6,405.75 to $4,985.5.
The average price for GMC Sonoma has gone down in recent years. During the first sample analyzed, going from "before 2000" to 2000, the average price was $5,165.5. Please take note of of the significant depreciation in the prices between "before 2000" ($5,714) and 2000 ($4,617). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -16 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 19 % 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 ($5,366) and the the last two years that have been analyzed (2003, 2004) with a price of $6,373.
The graph that displays the price for GMC Sonoma 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 ($4,891). Next with a price of $4,423 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 18% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of $4,804.