Mercedes Benz 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 Mercedes Benz cars have gone through a strong rise during the last 6 months. In October the average price per vehicle is ₱ 6,499,740. During November the price went trough a strong deflation till ₱ 5,403,415. The average selling price has remained fairly constant during the following two months, going from ₱ 5,951,577.5 to ₱ 6,091,222. The average price has had spectacular rise of 92 % with an average price of ₱ 6,021,400 during the previous 4 months and ₱ 11,554,994 during the most recent months in February and March.
The average price for Mercedes Benz has had a strong rise in recent years. Between "before 2000" and 2020, the average price is ₱ 1,854,295.62. There was a significant inflation of the average price in "before 2000" (₱ 312,976) moving up till (₱ 11,249,444)in 2020. During the next two years (2021, 2022) the price for the aforementioned model has gone up strongly a 867 %. During the last two years, prices in the car industry have gone up 11 % 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 (₱ 20,243,614) and the the last two years that were studied (2023, 2024) with a price of ₱ 22,555,978.
The graph that displays the price for Mercedes Benz cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 97 % more affordable than the average price (₱ 15,528,612). Next with a price of ₱ 1,120,587 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 6% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 2,381,225.
The graph showing the average price for the fuel type for Mercedes Benz cars points out to "Diesel" as being the cheapest fuel type. It is 98 % less expensive than the average market price (₱ 15,528,612) followed by "Gasoline" priced at ₱ 557,914. On average the cheapest type of fuel is "Gasoline". It´s price is 96 % more affordable than the average market value followed by "Diesel" with a price of ₱ 251,588.