Price for Mercedes Benz S
Mercedes Benz S 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 Mercedes Benz S cars has had a strong depreciation during the last 6 months we have studied. The average price in October was of $70,644. This price hardly went through any changes and remained at $72,928 during November. The average selling price has remained fairly constant during the following two months, going from $71,786 to $69,897.5. In the last two months, the price has gone through a strong devaluation of -45 % compared to the 4 previous average values going down from $70,841.75 to $38,784.5.
The average price for Mercedes Benz S has had a strong rise in recent years. Between 2007 and 2015, the average price is $26,353. There was a significant inflation of the average price in 2007 ($17,466) moving up till ($35,887)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 106 %. During the last two years, prices in the car industry have gone up 11 % 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 ($60,668.75) and the the last two years that were studied (2018, 2019) with a price of $67,066.
The graph that displays the price for Mercedes Benz S cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 11 % more affordable than the average price ($32,737). Next with a price of $30,573 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 4% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of $30,573.
