Gmc 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 Gmc cars has had a strong depreciation during the last 6 months we have studied. During the first month analyzed in October the average price was ₱ 5,590,579. November went through a strong inflation with a rise in the price till ₱ 8,632,500. The following two months the selling price went through a strong reduction of -51 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -37 % compared to the 4 previous average values going down from ₱ 5,287,629 to ₱ 3,354,319.
The average price for Gmc has had a strong rise in recent years. Between 2007 and 2012, the average price is ₱ 1,180,041.62. There was a significant inflation of the average price in 2007 (₱ 255,000) moving up till (₱ 2,358,375)in 2012. During the next two years (2014, 2021) the price for the aforementioned model has gone up strongly a 534 %. During the last two years, prices in the car industry have gone through a strong rise of 24 % 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 (₱ 9,821,688) and the the last two years that have been analyzed (2023, 2024) with a price of ₱ 12,162,500.
The graph that displays the price for Gmc 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 46 % more affordable than the average price (₱ 2,596,200). Next with a price of ₱ 1,811,375 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 42% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₱ 1,983,286.
The graph showing the average price for the fuel type for Gmc cars points out to "Gasoline" as being the cheapest fuel type. It is 90 % less expensive than the average market price (₱ 2,596,200) followed by "Diesel" priced at ₱ 277,273. On average the cheapest type of fuel is "Diesel". It´s price is 89 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 265,000.