Lexus 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 Lexus cars have gone through a strong rise during the last 6 months. During the first month analyzed in October the average price was ₱ 2,114,863. November went through a strong inflation with a rise in the price till ₱ 2,629,325. The average selling price has remained fairly constant during the following two months, going from ₱ 2,372,094 to ₱ 2,268,606.5. The average price has had spectacular rise of 62 % with an average price of ₱ 2,320,350.25 during the previous 4 months and ₱ 3,769,356.5 during the most recent months in February and March.
The average price for Lexus has had a strong rise in recent years. Between "before 2000" and 2020, the average price is ₱ 2,047,410.75. There was a significant inflation of the average price in "before 2000" (₱ 565,000) moving up till (₱ 6,343,000)in 2020. During the next two years (2021, 2022) the price for the aforementioned model has gone up strongly a 427 %. During the last two years, prices in the car industry have gone up 9 % 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 (₱ 11,829,688) and the the last two years that were studied (2023, 2024) with a price of ₱ 12,863,542.
The graph that displays the price for Lexus cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 72 % more affordable than the average price (₱ 5,742,413). Next with a price of ₱ 1,632,541 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 22% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 2,459,020.
The graph showing the average price for the fuel type for Lexus cars points out to "Diesel" as being the cheapest fuel type. It is 96 % less expensive than the average market price (₱ 5,742,413) followed by "Gasoline" priced at ₱ 424,862. On average the cheapest type of fuel is "Gasoline". It´s price is 93 % more affordable than the average market value followed by "Diesel" with a price of ₱ 235,267.
The graph displaying the average price for vehicles with doors shows that Lexus automobiles with the cheapest price have 5 doors. They are 96 % cheaper than the average price for this model priced at ₱ 226,625. Cars with the lowest price have 4 doors and are 95 % cheaper than the average previously displayed.