Price for Lincoln MKZ
Lincoln MKZ 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 Lincoln MKZ cars has had a strong depreciation during the last 6 months we have studied. The average price in June was of $265,105. This price hardly went through any changes and remained at $264,451 during July. The following two months the selling price went through a strong reduction of -73 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -73 % compared to the 4 previous average values going down from $168,666 to $45,490.5.
The average price for Lincoln MKZ has had a strong rise in recent years. Between 2007 and 2016, the average price is $13,936.1. There was a significant inflation of the average price in 2007 ($6,664) moving up till ($24,187)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 147 %. 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 ($38,374) and the the last two years that were studied (2019, 2020) with a price of $42,359.5.
The graph that displays the price for Lincoln MKZ 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 85 % more affordable than the average price ($45,225). Next with a price of $17,554 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 2% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $40,768.
The graph showing the average price for the fuel type for Lincoln MKZ cars points out to "Hybrid" as being the cheapest fuel type. It is 32 % less expensive than the average market price ($45,225) followed by "Gasoline" priced at $34,154. On average the cheapest type of fuel is "Gas". It´s price is 11 % more affordable than the average market value followed by "Gasoline" with a price of $34,154.
