Chevrolet Spark Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for Chevrolet Spark cars have remained constant in the last 6 months. The average price for October is ₱ 337,319. During November there was a slight reduction in the selling prices dropping till ₱ 316,197. The following two months (December, January) the selling price went through a devaluation of -6 percent in the average selling price compared to the previous two months analyzed. The average price has risen 6 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₱ 335,399) during February and March.
The average price for Chevrolet Spark has had a strong rise in recent years. Between 2008 and 2016, the average price is ₱ 278,794.5. There was a significant inflation of the average price in 2008 (₱ 156,750) moving up till (₱ 338,500)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 41 %. During the last two years, prices in the car industry have gone up 7 % 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 (₱ 422,948) and the the last two years that were studied (2019, 2020) with a price of ₱ 453,333.5.
The graph that displays the price for Chevrolet Spark cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 47 % more affordable than the average price (₱ 365,687). Next with a price of ₱ 225,848 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 1% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₱ 307,465.
The graph showing the average price for the fuel type for Chevrolet Spark cars points out to "Diesel" as being the cheapest fuel type. It is 34 % less expensive than the average market price (₱ 365,687) followed by "Gasoline" priced at ₱ 314,252. On average the cheapest type of fuel is "Gasoline". It´s price is 14 % more affordable than the average market value followed by "Diesel" with a price of ₱ 241,875.