Honda CR 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 CR cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₱ 220,000. During November the price went trough a strong deflation till ₱ 141,000. The following two months the selling price went through a strong reduction of -16 % compared to the previous two months studied. The average price has had spectacular rise of 47 % with an average price of ₱ 165,871.75 during the previous 4 months and ₱ 244,136.5 during the most recent months in February and March.
The average price for Honda CR has had a strong rise in recent years. Between 2003 and 2013, the average price is ₱ 264,347.56. There was a significant inflation of the average price in 2003 (₱ 190,000) moving up till (₱ 377,500)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 92 %. During the last two years, prices in the car industry have gone through a strong rise of 20 % 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 (₱ 636,354.25) and the the last two years that have been analyzed (2016, 2018) with a price of ₱ 763,958.5.
The graph that displays the price for Honda CR 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 6 % more affordable than the average price (₱ 327,023). Next with a price of ₱ 986,667 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 202% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 308,195.
The graph showing the average price for the fuel type for Honda CR cars marks "Gasoline" as the most costly fuel type. It is 4 % more expensive than the average market price (₱ 327,023) followed by "Diesel" priced at ₱ 349,063. On average the most expensive type of fuel is "Diesel". It´s price is 7 % higher than the average market price followed by "Gasoline" which costs ₱ 338,538.