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 for November is $6,421. During December there was a slight reduction in the selling prices dropping till $5,796. The following two months (January, February) the selling price went through a devaluation of -12 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -14 % devaluation compared to the previous average values going down from $5,741 to $4,956.5 during March and April.
The average price for GMC Sonoma has had a strong rise in recent years. Between "before 2000" y 2000, the average price is $4,313.5. There was a price inflation going from ($4,024) to ($4,603). During the next two years (2001, 2002), the average price went up 11 % moving from !PRECIO1! to $4,778.5, During the last two years, prices in the car industry have gone through a strong rise of 18 % 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 ($5,829.25) and the the last two years that have been analyzed (2003, 2004) with a price of $6,880.
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 38 % more affordable than the average price ($4,893). Next with a price of $4,437 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 243% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of $5,627.