Mercury Marquis 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 Mercury Marquis cars has had a strong depreciation during the last 6 months we have studied. The average price for February is $15,193. During March there was a slight reduction in the selling prices dropping till $13,284. The following two months (April, May) the selling price went through a devaluation of -8 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -17 % compared to the 4 previous average values going down from $13,635.25 to $11,370.
The graph that displays the price for Mercury Marquis cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 8 % more affordable than the average price ($11,516). Next with a price of $16,883 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 47% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of $10,578.