Ford Explorer 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 Ford Explorer cars have gone through a strong rise during the last 6 months. The average price in September was of ₱ 1,357,150. This price hardly went through any changes and remained at ₱ 1,363,012 during October. During the following two months (November, December) the average selling price experienced a noticeable rise, going up 31 % from ₱ 1,360,081 to ₱ 1,775,038. In the last two, the price has gone through a -6 % devaluation compared to the previous average values going down from ₱ 1,567,559.5 to ₱ 1,474,259.5 during January and February.
The average price for Ford Explorer has had a strong rise in recent years. Between 2001 and 2014, the average price is ₱ 344,281.88. There was a significant inflation of the average price in 2001 (₱ 188,750) moving up till (₱ 517,455)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 164 %. During the last two years, prices in the car industry have gone through a strong rise of 22 % 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 (₱ 1,170,760.75) and the the last two years that have been analyzed (2017, 2018) with a price of ₱ 1,431,933.5.
The graph that displays the price for Ford Explorer 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 75 % more affordable than the average price (₱ 1,218,725). Next with a price of ₱ 682,091 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 4% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₱ 1,158,852.
The graph showing the average price for the fuel type for Ford Explorer cars points out to "Diesel" as being the cheapest fuel type. It is 77 % less expensive than the average market price (₱ 1,218,725) followed by "Gasoline" priced at ₱ 368,636. On average the cheapest type of fuel is "Gasoline". It´s price is 70 % more affordable than the average market value followed by "Diesel" with a price of ₱ 275,429.