Kia Rio 5 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 Kia Rio 5 cars has fallen during the last 6 months we have analyzed. The average price for August is $13,971. During September there was a slight reduction in the selling prices dropping till $12,708. The average selling price has remained fairly constant during the following two months, going from $13,339.5 to $13,327. During the last couple of months, the average price has hardly changed, remaining the same going from $13,333.25 to $12,724 during December and January.
The average price for Kia Rio 5 has had a strong rise in recent years. Between 2011 and 2016, the average price is $9,153.4. There was a significant inflation of the average price in 2011 ($8,204) moving up till ($12,052)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 42 %. 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 ($13,970) and the the last two years that were studied (2019, 2020) with a price of $14,939.
The graph that displays the price for Kia Rio 5 cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 49 % more affordable than the average price ($13,096). Next with a price of $8,636 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 15% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of $13,384.