Porsche 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 Porsche cars have gone through a strong rise during the last 6 months. During the first month analyzed in October the average price was ₱ 4,231,050. November went through a strong inflation with a rise in the price till ₱ 4,915,588. The average selling price has remained fairly constant during the following two months, going from ₱ 4,573,319 to ₱ 4,568,074.5. The average price has had spectacular rise of 47 % with an average price of ₱ 4,570,697 during the previous 4 months and ₱ 6,732,105.5 during the most recent months in February and March.
The average price for Porsche has had a strong rise in recent years. Between "before 2000" and 2019, the average price is ₱ 4,106,592.5. There was a significant inflation of the average price in "before 2000" (₱ 838,000) moving up till (₱ 16,900,000)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 235 %. During the last two years, prices in the car industry have gone up 10 % 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 (₱ 15,305,650) and the the last two years that were studied (2022, 2023) with a price of ₱ 16,861,300.
The graph that displays the price for Porsche 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 79 % more affordable than the average price (₱ 8,024,775). Next with a price of ₱ 2,390,673 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 9% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 4,133,625.
The graph showing the average price for the fuel type for Porsche cars points out to "Diesel" as being the cheapest fuel type. It is 90 % less expensive than the average market price (₱ 8,024,775) followed by "Gasoline" priced at ₱ 1,630,000. On average the cheapest type of fuel is "Gasoline". It´s price is 80 % more affordable than the average market value followed by "Diesel" with a price of ₱ 786,875.