Ram 1500 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 Ram 1500 cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is $93,300. During November the price went trough a strong deflation till $74,526. The following two months (December, January) the selling price went through a devaluation of -14 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -7 % devaluation compared to the previous average values going down from $78,092.25 to $72,822.5 during February and March.
The average price for Ram 1500 has had a strong rise in recent years. Between 2010 and 2016, the average price is $26,075.57. There was a significant inflation of the average price in 2010 ($13,466) moving up till ($35,752)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 80 %. During the last two years, prices in the car industry have gone through a strong rise of 19 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample ($58,235) and the the last two years that have been analyzed (2019, 2020) with a price of $69,543.5.
The graph that displays the price for Ram 1500 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 75 % more affordable than the average price ($71,386). Next with a price of $24,843 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 0% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $48,820.
The graph showing the average price for the fuel type for Ram 1500 cars points out to "Flexible Fuel" as being the cheapest fuel type. It is 59 % less expensive than the average market price ($71,386) followed by "Gas" priced at $31,575. On average the cheapest type of fuel is "Gasoline". It´s price is 14 % more affordable than the average market value followed by "Diesel" with a price of $45,634.
The graph displaying the average price for vehicles with doors shows that Ram 1500 automobiles with the cheapest price have 2 doors. They are 69 % cheaper than the average price for this model priced at $21,817. Cars with the lowest price have 4 doors and are 34 % cheaper than the average previously displayed.