Mercury Grand Marquis Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Mercury Grand Marquis cars have gone through a strong rise during the last 6 months. During the first month analyzed in February the average price was $14,808. March went through a strong inflation with a rise in the price till $27,609. During the following two months (April, May) the average selling price experienced a noticeable rise, going up 29 % from $21,208.5 to $27,340.5. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from $24,274.5 to $21,266.5 during June and July.
The average price for Mercury Grand Marquis has had a strong rise in recent years. Between "before 2000" and 2007, the average price is $5,086.78. There was a significant inflation of the average price in "before 2000" ($3,504) moving up till ($7,066)in 2007. During the next two years (2008, 2009) the price for the aforementioned model has gone up strongly a 65 %. During the last two years, prices in the car industry have gone up 7 % 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 ($9,088) and the the last two years that were studied (2010, 2011) with a price of $9,768.
The graph that displays the price for Mercury Grand Marquis 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 80 % more affordable than the average price ($15,319). Next with a price of $6,803 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 5% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $10,478.
The graph showing the average price for the fuel type for Mercury Grand Marquis cars points out to "Gasoline" as being the cheapest fuel type. It is 69 % less expensive than the average market price ($15,319) followed by "Gas" priced at $5,569. On average the cheapest type of fuel is "Flexible Fuel". It´s price is 52 % more affordable than the average market value followed by "Flexible" with a price of $7,162.