Jeep 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 Jeep cars have gone through a strong rise during the last 6 months. During the first month analyzed in October the average price was ₱ 1,453,454. November went through a strong inflation with a rise in the price till ₱ 2,138,713. The average selling price has remained fairly constant during the following two months, going from ₱ 1,796,083.5 to ₱ 1,843,438. The average price has risen 8 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₱ 1,957,233.5) during February and March.
The average price for Jeep has had a strong rise in recent years. Between "before 2000" and 2017, the average price is ₱ 1,081,878.25. There was a significant inflation of the average price in "before 2000" (₱ 153,375) moving up till (₱ 2,410,909)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 143 %. During the last two years, prices in the car industry have gone up 10 % 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 (₱ 2,931,118) and the the last two years that were studied (2020, 2021) with a price of ₱ 3,238,514.
The graph that displays the price for Jeep 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 83 % more affordable than the average price (₱ 2,923,425). Next with a price of ₱ 1,352,357 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 17% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₱ 2,063,075.
The graph showing the average price for the fuel type for Jeep cars points out to "Diesel" as being the cheapest fuel type. It is 90 % less expensive than the average market price (₱ 2,923,425) followed by "Gasoline" priced at ₱ 319,130. On average the cheapest type of fuel is "Gasoline". It´s price is 89 % more affordable than the average market value followed by "Diesel" with a price of ₱ 297,658.
The graph displaying the average price for vehicles with doors shows that Jeep automobiles with the cheapest price have 5 doors. They are 91 % cheaper than the average price for this model priced at ₱ 273,005. Cars with the lowest price have 2 doors and are 90 % cheaper than the average previously displayed.