Kia 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 Kia cars have gone through a strong rise during the last 6 months. During the first month analyzed in October the average price was ₱ 1,024,646. November went through a strong inflation with a rise in the price till ₱ 1,301,471. During the following two months (December, January) the average selling price rose somewhat going from ₱ 1,163,058.5 to ₱ 1,329,967. The average price has had spectacular rise of 21 % with an average price of ₱ 1,246,512.75 during the previous 4 months and ₱ 1,503,963 during the most recent months in February and March.
The average price for Kia has had a strong rise in recent years. Between "before 2000" and 2019, the average price is ₱ 399,069.19. There was a significant inflation of the average price in "before 2000" (₱ 93,042) moving up till (₱ 1,042,500)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 47 %. During the last two years, prices in the car industry have gone through a strong rise of 42 % 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 (₱ 1,011,234.75) and the the last two years that have been analyzed (2022, 2023) with a price of ₱ 1,434,638.5.
The graph that displays the price for Kia 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 86 % more affordable than the average price (₱ 1,932,463). Next with a price of ₱ 406,688 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 16% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₱ 1,178,663.
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 73 % less expensive than the average market price (₱ 1,932,463) followed by "Diesel" priced at ₱ 779,375. On average the cheapest type of fuel is "Diesel". It´s price is 60 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 516,636.
The graph displaying the average price for vehicles with doors shows that Kia automobiles with the cheapest price have 4 doors. They are 90 % cheaper than the average price for this model priced at ₱ 187,048. Cars with the lowest price have 5 doors and are 88 % cheaper than the average previously displayed.