Honda CR-V 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-V cars has had a strong depreciation during the last 6 months we have studied. The average price in April was of ₱ 1,610,491. This price hardly went through any changes and remained at ₱ 1,616,550 during May. The following two months (June, July) the selling price went through a devaluation of -7 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -31 % compared to the 4 previous average values going down from ₱ 1,559,875.75 to ₱ 1,083,406.5.
The average price for Honda CR-V has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₱ 280,621.06. There was a significant inflation of the average price in "before 2000" (₱ 160,375) moving up till (₱ 323,765)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 189 %. During the last two years, prices in the car industry have gone up 10 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₱ 897,266) and the the last two years that were studied (2018, 2019) with a price of ₱ 984,071.5.
The graph that displays the price for Honda CR-V 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 (₱ 956,675). Next with a price of ₱ 425,000 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 25% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₱ 628,738.
The graph showing the average price for the fuel type for Honda CR-V cars points out to "Diesel" as being the cheapest fuel type. It is 75 % less expensive than the average market price (₱ 956,675) followed by "Gasoline" priced at ₱ 344,450. On average the cheapest type of fuel is "Gasoline". It´s price is 64 % more affordable than the average market value followed by "Diesel" with a price of ₱ 236,235.