Price for Kia Sorento
Kia Sorento 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 Kia Sorento cars has had a strong depreciation during the last 6 months we have studied. In July the average price per vehicle is $246,028. During August the price went trough a strong deflation till $88,784. The following two months the selling price went through a strong reduction of -71 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -52 % compared to the 4 previous average values going down from $107,609.5 to $51,985.5.
The average price for Kia Sorento has had a strong rise in recent years. Between 2004 and 2017, the average price is $13,312.46. There was a significant inflation of the average price in 2004 ($5,321) moving up till ($29,487)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 172 %. During the last two years, prices in the car industry have gone up 9 % 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 ($39,659.75) and the the last two years that were studied (2020, 2021) with a price of $43,070.
The graph that displays the price for Kia Sorento 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 87 % more affordable than the average price ($52,352). Next with a price of $22,379 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 $43,935.
The graph showing the average price for the fuel type for Kia Sorento cars points out to "Gasoline" as being the cheapest fuel type. It is 34 % less expensive than the average market price ($52,352) followed by "Hybrid" priced at $43,334. On average the cheapest type of fuel is "Gas". It´s price is 15 % more affordable than the average market value followed by "Hybrid" with a price of $43,334.
