Ford Fiesta 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 Ford Fiesta cars has had a strong depreciation during the last 6 months we have studied. The average price for March is ₱ 516,723. During April there was a slight reduction in the selling prices dropping till ₱ 487,385. The following two months the selling price went through a strong reduction of -23 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -35 % compared to the 4 previous average values going down from ₱ 445,060.25 to ₱ 287,725.
The average price for Ford Fiesta has had a strong rise in recent years. Between 2011 and 2012, the average price is ₱ 217,720. There was a significant inflation of the average price in 2011 (₱ 187,240) moving up till (₱ 248,200)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 92 %. During the last two years, prices in the car industry have experienced a depreciation of -12 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₱ 371,032) and the the last two years analyzed (2015, 2016) with a price of ₱ 325,100.
The graph that displays the price for Ford Fiesta cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 13 % more affordable than the average price (₱ 295,650). Next with a price of ₱ 314,938 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 9% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₱ 314,938.
The graph showing the average price for the fuel type for Ford Fiesta cars points out to "Diesel" as being the cheapest fuel type. It is 33 % less expensive than the average market price (₱ 295,650) followed by "Gasoline" priced at ₱ 265,309. On average the cheapest type of fuel is "Gasoline". It´s price is 10 % more affordable than the average market value followed by "Diesel" with a price of ₱ 198,625.