Mitsubishi 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 Mitsubishi cars have gone through a strong rise during the last 6 months. During the first month analyzed in February the average price was ₱ 1,509,061. March went through a strong inflation with a rise in the price till ₱ 1,743,474. During the following two months (April, May) the average selling price rose somewhat going from ₱ 1,626,267.5 to ₱ 1,823,219. The average price has had spectacular rise of 432 % with an average price of ₱ 1,724,743.25 during the previous 4 months and ₱ 9,176,342 during the most recent months in June and July.
The average price for Mitsubishi has had a strong rise in recent years. Between "before 2000" and 2016, the average price is ₱ 529,950.31. There was a significant inflation of the average price in "before 2000" (₱ 391,200) moving up till (₱ 929,018)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 65 %. During the last two years, prices in the car industry have gone up 6 % 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 (₱ 925,144.75) and the the last two years that were studied (2019, 2020) with a price of ₱ 976,821.
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 97 % more affordable than the average price (₱ 9,047,350). Next with a price of ₱ 665,156 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 80% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₱ 1,077,588.
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 96 % less expensive than the average market price (₱ 9,047,350) followed by "Gasoline" priced at ₱ 1,810,913. On average the cheapest type of fuel is "Diesel". It´s price is 65 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 1,810,913.
The graph showing the average price for Mitsubishi cars displays those with 2 doors as the cheapest ones. They are 98 % more affordable than the average price (₱ 9,047,350). These are followed by those with 3 doors with an average price of ₱ 391,875. Cars with the lowest average price have 5 !doors and are 95 % cheaper than the average followed by those with 4 doors with a selling price of ₱ 456,217.