Honda Accord 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 Honda Accord cars has had a strong depreciation during the last 6 months we have studied. In June the price for a car is ₱ 583,000 increasing till ₱ 623,575 in July. The following two months the selling price went through a strong reduction of -28 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -27 % compared to the 4 previous average values going down from ₱ 520,036.75 to ₱ 380,106.5.
The average price for Honda Accord has had a strong rise in recent years. Between "before 2000" and 2012, the average price is ₱ 256,584.86. There was a significant inflation of the average price in "before 2000" (₱ 142,300) moving up till (₱ 358,167)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 125 %. During the last two years, the car industry has had a strong deflation in its selling prices of -27 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₱ 452,614.5) and the the last two years (2015, 2017) with a price of ₱ 329,166.5.
The graph that displays the price for Honda Accord 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 48 % more affordable than the average price (₱ 381,513). Next with a price of ₱ 223,333 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 14% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₱ 327,355.
The graph showing the average price for the fuel type for Honda Accord cars points out to "Diesel" as being the cheapest fuel type. It is 43 % less expensive than the average market price (₱ 381,513) followed by "Gasoline" priced at ₱ 294,138. On average the cheapest type of fuel is "Gasoline". It´s price is 23 % more affordable than the average market value followed by "Diesel" with a price of ₱ 219,074.