Mitsubishi Lancer 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 Mitsubishi Lancer cars has had a strong depreciation during the last 6 months we have studied. In September the average price per vehicle is ₱ 520,578. During October the price went trough a strong deflation till ₱ 421,342. The following two months (November, December) the selling price went through a devaluation of -7 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 453,744 to ₱ 432,596.5 during January and February.
The average price for Mitsubishi Lancer has had a strong rise in recent years. Between "before 2000" and 2012, the average price is ₱ 311,308.62. There was a significant inflation of the average price in "before 2000" (₱ 118,000) moving up till (₱ 674,000)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 118 %. During the last two years, the car industry has had a strong deflation in its selling prices of -36 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₱ 499,941.75) and the the last two years (2015, 2024) with a price of ₱ 320,133.5.
The graph that displays the price for Mitsubishi Lancer 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 65 % more affordable than the average price (₱ 397,393). Next with a price of ₱ 242,125 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 12% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 343,200.
The graph showing the average price for the fuel type for Mitsubishi Lancer cars points out to "Diesel" as being the cheapest fuel type. It is 62 % less expensive than the average market price (₱ 397,393) followed by "Gasoline" priced at ₱ 214,362. On average the cheapest type of fuel is "Gas". It´s price is 16 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 214,362.