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 February was of $125,330. This price hardly went through any changes and remained at $126,218 during March. The following two months the selling price went through a strong reduction of -19 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -28 % compared to the 4 previous average values going down from $113,608.5 to $82,261.
The average price for Mercedes Benz S has had a strong rise in recent years. Between 2002 and 2014, the average price is $24,332. There was a significant inflation of the average price in 2002 ($6,587) moving up till ($52,632)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 188 %. During the last two years, prices in the car industry have gone up 15 % 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 ($82,260.25) and the the last two years that were studied (2017, 2018) with a price of $94,376.5.
The graph that displays the price for Mercedes Benz S 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 80 % more affordable than the average price ($73,856). Next with a price of $24,565 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 0% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at $51,711.