Honda Accord 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 Honda Accord cars has had a strong depreciation during the last 6 months we have studied. The average price for April is $47,249. During May there was a slight reduction in the selling prices dropping till $42,474. The following two months the selling price went through a strong reduction of -17 % compared to the previous two months studied. During the last couple of months, the average price has hardly changed, remaining the same going from $41,084.75 to $39,079.5 during August and September.
The average price for Honda Accord has had a strong rise in recent years. Between "before 2000" and 2015, the average price is $11,363.47. There was a significant inflation of the average price in "before 2000" ($4,667) moving up till ($23,442)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 149 %. During the last two years, prices in the car industry have gone up 12 % 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 ($32,274.75) and the the last two years that were studied (2018, 2019) with a price of $36,240.
The graph that displays the price for Honda Accord 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 83 % more affordable than the average price ($40,992). Next with a price of $15,565 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 $29,832.
The graph showing the average price for the fuel type for Honda Accord cars points out to "Gas" as being the cheapest fuel type. It is 39 % less expensive than the average market price ($40,992) followed by "Hybrid" priced at $28,440. On average the cheapest type of fuel is "Gasoline". It´s price is 20 % more affordable than the average market value followed by "Hybrid" with a price of $28,440.
The graph displaying the average price for vehicles with doors shows that Honda Accord automobiles with the cheapest price have 2 doors. They are 44 % cheaper than the average price for this model priced at $22,889. Cars with the lowest price have 4 doors and are 13 % cheaper than the average previously displayed.