Lexus RX 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 Lexus RX cars has had a strong depreciation during the last 6 months we have studied. In July the average price per vehicle is $279,781. During August the price went trough a strong deflation till $159,289. 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 -48 % compared to the 4 previous average values going down from $141,942.75 to $74,152.5.
The average price for Lexus RX has had a strong rise in recent years. Between "before 2000" and 2017, the average price is $17,230.74. There was a significant inflation of the average price in "before 2000" ($5,613) moving up till ($44,800)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 200 %. During the last two years, prices in the car industry have gone up 6 % 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 ($55,171) and the the last two years that were studied (2020, 2021) with a price of $58,589.5.
The graph that displays the price for Lexus RX 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 89 % more affordable than the average price ($83,206). Next with a price of $27,759 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 23% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $58,176.
The graph showing the average price for the fuel type for Lexus RX cars points out to "Flexible" as being the cheapest fuel type. It is 52 % less expensive than the average market price ($83,206) followed by "Gasoline" priced at $49,657. On average the cheapest type of fuel is "Gas". It´s price is 30 % more affordable than the average market value followed by "Hybrid" with a price of $52,506.