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 August the average price per vehicle is ₱ 707,687. During September the price went trough a strong deflation till ₱ 575,388. The following two months the selling price went through a strong reduction of -24 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -18 % compared to the 4 previous average values going down from ₱ 564,219 to ₱ 461,531.5.
The average price for Honda Accord has had a strong rise in recent years. Between "before 2000" and 2012, the average price is ₱ 231,364.36. There was a significant inflation of the average price in "before 2000" (₱ 128,683) moving up till (₱ 262,500)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 201 %. During the last two years, prices in the car industry have gone through a strong rise of 27 % 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 (₱ 952,950) and the the last two years that have been analyzed (2015, 2018) with a price of ₱ 1,210,233.5.
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 57 % more affordable than the average price (₱ 444,488). Next with a price of ₱ 284,000 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 21% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at ₱ 315,829.
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 64 % less expensive than the average market price (₱ 444,488) followed by "Gasoline" priced at ₱ 332,975. On average the cheapest type of fuel is "Gasoline". It´s price is 25 % more affordable than the average market value followed by "Diesel" with a price of ₱ 161,719.