Honda Element 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 Element cars has fallen during the last 6 months we have analyzed. The average price in August was of $14,160. This price hardly went through any changes and remained at $13,636 during September. The average selling price has remained fairly constant during the following two months, going from $13,898 to $13,446. In the last two, the price has gone through a -11 % devaluation compared to the previous average values going down from $13,672 to $12,225 during December and January.
The average price for Honda Element has had a strong rise in recent years. Between 2003 and 2007, the average price is $5,946.4. There was a significant inflation of the average price in 2003 ($5,233) moving up till ($6,912)in 2007. During the next two years (2008, 2009) the price for the aforementioned model has gone up strongly a 49 %. During the last two years, prices in the car industry have gone up 10 % 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 ($9,830.5) and the the last two years that were studied (2010, 2011) with a price of $10,811.
The graph that displays the price for Honda Element 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 64 % more affordable than the average price ($12,089). Next with a price of $8,556 and a mileage range of "less than 10,000" 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 "100,000 - 200,000" priced at $9,845.