Cadillac 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 Cadillac cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₱ 10,384,400. During November the price went trough a strong deflation till ₱ 7,630,902. The following two months the selling price went through a strong reduction of -28 % compared to the previous two months studied. In the last two, the price has gone through a -5 % devaluation compared to the previous average values going down from ₱ 7,748,149.5 to ₱ 7,333,798 during February and March.
The average price for Cadillac has had a strong rise in recent years. Between 2008 and 2016, the average price is ₱ 3,650,704.5. There was a significant inflation of the average price in 2008 (₱ 703,909) moving up till (₱ 6,597,500)in 2016. During the next two years (2017, 2020) the price for the aforementioned model has gone up strongly a 137 %. During the last two years, prices in the car industry have gone through a strong rise of 29 % 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 (₱ 12,230,542) and the the last two years that have been analyzed (2022, 2023) with a price of ₱ 15,827,084.
The graph that displays the price for Cadillac cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 62 % more affordable than the average price (₱ 7,007,263). Next with a price of ₱ 6,389,273 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 31% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₱ 6,389,273.