Honda 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 Honda cars have gone through a strong rise during the last 6 months. During the first month analyzed in February the average price was ₱ 1,246,250. March went through a strong inflation with a rise in the price till ₱ 1,645,500. During the following two months (April, May) the average selling price experienced a noticeable rise, going up 39 % from ₱ 1,445,875 to ₱ 2,007,956.5. The average price has had spectacular rise of 736 % with an average price of ₱ 1,726,915.75 during the previous 4 months and ₱ 14,437,405 during the most recent months in June and July.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2016, the average price is ₱ 393,615.38. There was a significant inflation of the average price in "before 2000" (₱ 240,200) moving up till (₱ 662,427)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 133 %. During the last two years, prices in the car industry have gone up 5 % 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 (₱ 970,054.25) and the the last two years that were studied (2019, 2020) with a price of ₱ 1,022,889.
The graph that displays the price for Honda 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 98 % more affordable than the average price (₱ 14,515,149). Next with a price of ₱ 646,600 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 100,000". It is 74% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₱ 1,471,839.
The graph showing the average price for the fuel type for Honda cars points out to "Gas" as being the cheapest fuel type. It is 97 % less expensive than the average market price (₱ 14,515,149) followed by "Diesel" priced at ₱ 1,154,638. On average the cheapest type of fuel is "Gasoline". It´s price is 39 % more affordable than the average market value followed by "Diesel" with a price of ₱ 1,154,638.
The graph showing the average price for Honda cars displays those with 4 doors as the cheapest ones. They are 98 % more affordable than the average price (₱ 14,515,149). These are followed by those with 5 doors with an average price of ₱ 315,657. Cars with the lowest price have 3 doors and are 98 % cheaper than the average previously displayed.