Honda CRF 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 Honda CRF cars has fallen during the last 6 months we have analyzed. The average price for October is $5,542. During November there was a slight reduction in the selling prices dropping till $4,976. The average selling price has remained fairly constant during the following two months, going from $5,259 to $5,210. During the last couple of months, the average price has hardly changed, remaining the same going from $5,234.5 to $5,103.5 during February and March.
The average price for Honda CRF has had a strong rise in recent years. Between 2003 and 2016, the average price is $3,420. There was a significant inflation of the average price in 2003 ($1,478) moving up till ($6,499)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 60 %. During the last two years, prices in the car industry have gone up 7 % 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 ($5,893.75) and the the last two years that were studied (2019, 2020) with a price of $6,302.5.