Mitsubishi 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 Mitsubishi cars has had a strong depreciation during the last 6 months we have studied. The average price for July is ₱ 2,040,000. During August there was a slight reduction in the selling prices dropping till ₱ 1,825,886. The following two months the selling price went through a strong reduction of -15 % compared to the previous two months studied. In the last two, the price has gone through a -5 % devaluation compared to the previous average values going down from ₱ 1,786,343.5 to ₱ 1,696,312.5 during November and December.
The average price for Mitsubishi has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₱ 406,125.72. There was a significant inflation of the average price in "before 2000" (₱ 219,375) moving up till (₱ 747,788)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 74 %. During the last two years, prices in the car industry have gone up 13 % 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 (₱ 813,352.5) and the the last two years that were studied (2018, 2019) with a price of ₱ 921,819.
The graph that displays the price for Mitsubishi 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 78 % more affordable than the average price (₱ 1,704,138). Next with a price of ₱ 459,225 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 1% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₱ 909,888.
The graph showing the average price for the fuel type for Mitsubishi cars points out to "Gas" as being the cheapest fuel type. It is 86 % less expensive than the average market price (₱ 1,704,138) followed by "Gasoline" priced at ₱ 817,575. On average the cheapest type of fuel is "Diesel". It´s price is 9 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 817,575.
The graph showing the average price for Mitsubishi cars displays those with 2 doors as the cheapest ones. They are 82 % more affordable than the average price (₱ 1,704,138). These are followed by those with 4 doors with an average price of ₱ 443,300. Cars with the lowest average price have 5 !doors and are 62 % cheaper than the average followed by those with 3 doors with a selling price of ₱ 464,875.