GMC Sonoma Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for GMC Sonoma cars has fallen during the last 6 months we have analyzed. The average price for July is $6,674. During August there was a slight reduction in the selling prices dropping till $5,939. The average selling price has remained fairly constant during the following two months, going from $6,306.5 to $6,242.5. During the last couple of months, the average price has hardly changed, remaining the same going from $6,274.5 to $6,108.5 during November and December.
The average price for GMC Sonoma has had a strong rise in recent years. During the first sample analyzed, going from "before 2000" to 2000, the average price was $3,986.5. Please take note of of the significant depreciation in the prices between "before 2000" ($4,450) and 2000 ($3,523). During the next two years (2001, 2002) the price for the aforementioned model has gone up strongly a 24 %. During the last two years, prices in the car industry have gone up 13 % 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 ($5,677) and the the last two years that were studied (2003, 2004) with a price of $6,410.5.
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 47 % more affordable than the average price ($5,796). Next with a price of $4,927 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 100,000". It is 1% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at $5,617.