Honda Civic 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 Civic cars has had a strong depreciation during the last 6 months we have studied. The average price for July is ₱ 1,157,350. During August there was a slight reduction in the selling prices dropping till ₱ 1,042,025. The following two months the selling price went through a strong reduction of -17 % compared to the previous two months studied. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from ₱ 1,004,603.25 to ₱ 879,650 during November and December.
The average price for Honda Civic has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₱ 243,751.7. There was a significant inflation of the average price in "before 2000" (₱ 142,250) moving up till (₱ 235,136)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 211 %. During the last two years, prices in the car industry have gone through a strong rise of 31 % 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 (₱ 1,097,526.75) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 1,435,932.
The graph that displays the price for Honda Civic 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 77 % more affordable than the average price (₱ 885,925). Next with a price of ₱ 217,500 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 20% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 632,760.
The graph showing the average price for the fuel type for Honda Civic cars points out to "Diesel" as being the cheapest fuel type. It is 76 % less expensive than the average market price (₱ 885,925) followed by "Gas" priced at ₱ 308,400. On average the cheapest type of fuel is "Gasoline". It´s price is 15 % more affordable than the average market value followed by "Gas" with a price of ₱ 308,400.
The graph showing the average price for Honda Civic cars displays those with 5 doors as the cheapest ones. They are 70 % more affordable than the average price (₱ 885,925). These are followed by those with 3 doors with an average price of ₱ 348,500. Cars with the lowest price have 4 doors and are 54 % cheaper than the average previously displayed.