Toyota Corolla 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 Toyota Corolla cars has had a strong depreciation during the last 6 months we have studied. In November the average price per vehicle is $99,015. During December the price went trough a strong deflation till $29,049. The following two months the selling price went through a strong reduction of -55 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -39 % compared to the 4 previous average values going down from $46,397.25 to $28,469.
The average price for Toyota Corolla has had a strong rise in recent years. Between "before 2000" and 2016, the average price is $10,006.83. There was a significant inflation of the average price in "before 2000" ($2,865) moving up till ($18,609)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 113 %. During the last two years, prices in the car industry have gone up 12 % 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 ($24,050.25) and the the last two years that were studied (2019, 2020) with a price of $26,835.5.
The graph that displays the price for Toyota Corolla 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 84 % more affordable than the average price ($28,281). Next with a price of $12,393 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 $20,810.
The graph showing the average price for the fuel type for Toyota Corolla cars points out to "Gas" as being the cheapest fuel type. It is 52 % less expensive than the average market price ($28,281) followed by "Flexible" priced at $14,755. On average the cheapest type of fuel is "Gasoline". It´s price is 11 % more affordable than the average market value followed by "Hybrid" with a price of $21,168.
The graph displaying the average price for vehicles with doors shows that Toyota Corolla automobiles with the cheapest price have 5 doors. They are 44 % cheaper than the average price for this model priced at $15,957. Cars with the lowest price have 4 doors and are 5 % cheaper than the average previously displayed.