Chevrolet Suburban 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 Chevrolet Suburban cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₱ 2,954,625. During November the price went trough a strong deflation till ₱ 1,805,588. The average selling price has remained fairly constant during the following two months, going from ₱ 2,380,106.5 to ₱ 2,482,789. The average price has risen 14 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₱ 2,781,306.5) during February and March.
The average price for Chevrolet Suburban has had a strong rise in recent years. Between "before 2000" and 2009, the average price is ₱ 874,016.62. There was a significant inflation of the average price in "before 2000" (₱ 833,750) moving up till (₱ 983,250)in 2009. During the next two years (2011, 2015) the price for the aforementioned model has gone up strongly a 138 %. During the last two years, prices in the car industry have gone through a strong rise of 54 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₱ 4,560,683) and the the last two years that have been analyzed (2016, 2023) with a price of ₱ 7,039,900.
The graph that displays the price for Chevrolet Suburban 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 70 % more affordable than the average price (₱ 2,078,988). Next with a price of ₱ 886,769 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 105% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 2,285,750.