Ford Ecosport Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Ford Ecosport cars has fallen during the last 6 months we have analyzed. The average price for December is ₱ 665,213. During January there was a slight reduction in the selling prices dropping till ₱ 611,550. The following two months (February, March) the selling price went through a devaluation of -6 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 618,159.5 to ₱ 619,869 during April and May.
The average price for Ford Ecosport has had a strong rise in recent years. Between 2014 y 2015, the average price is ₱ 480,343.5. There was a price inflation going from (₱ 453,156) to (₱ 507,531). During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 19 %. During the last two years, prices in the car industry have gone through a strong rise of 19 % 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 (₱ 705,502.25) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 838,076.5.
The graph that displays the price for Ford Ecosport 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 29 % more affordable than the average price (₱ 653,038). Next with a price of ₱ 509,160 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 3% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 582,686.