Kia 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 Kia cars has had a strong depreciation during the last 6 months we have studied. The average price in June was of ₱ 1,842,663. This price hardly went through any changes and remained at ₱ 1,761,175 during July. The following two months the selling price went through a strong reduction of -25 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -24 % compared to the 4 previous average values going down from ₱ 1,574,690.5 to ₱ 1,204,596.
The average price for Kia has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₱ 296,424.88. There was a significant inflation of the average price in "before 2000" (₱ 115,823) moving up till (₱ 389,192)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 41 %. During the last two years, prices in the car industry have gone through a strong rise of 33 % 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 (₱ 625,669.25) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 832,844.
The graph that displays the price for Kia 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 79 % more affordable than the average price (₱ 1,171,546). Next with a price of ₱ 382,286 and a mileage range of "10,000 - 25,000" 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 "50,000 - 100,000" priced at ₱ 430,924.
The graph showing the average price for the fuel type for Kia cars points out to "Gasoline" as being the cheapest fuel type. It is 41 % less expensive than the average market price (₱ 1,171,546) followed by "Diesel" priced at ₱ 911,463. On average the cheapest type of fuel is "Diesel". It´s price is 22 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 689,109.
The graph displaying the average price for vehicles with doors shows that Kia automobiles with the cheapest price have 4 doors. They are 69 % cheaper than the average price for this model priced at ₱ 363,000. Cars with the lowest price have 5 doors and are 47 % cheaper than the average previously displayed.