Honda Civic Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Honda Civic cars have gone through a strong rise during the last 6 months. During the first month analyzed in October the average price was ₱ 1,205,700. November went through a strong inflation with a rise in the price till ₱ 1,497,313. During the following two months (December, January) the average selling price rose somewhat going from ₱ 1,351,506.5 to ₱ 1,458,994. The average price has had spectacular rise of 24 % with an average price of ₱ 1,405,250.25 during the previous 4 months and ₱ 1,749,393.5 during the most recent months in February and March.
The average price for Honda Civic has had a strong rise in recent years. Between "before 2000" and 2019, the average price is ₱ 423,823.91. There was a significant inflation of the average price in "before 2000" (₱ 227,661) moving up till (₱ 1,096,966)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 292 %. During the last two years, prices in the car industry have experienced a depreciation of -9 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₱ 1,520,564.75) and the the last two years analyzed (2022, 2023) with a price of ₱ 1,380,421.
The graph that displays the price for Honda Civic cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 90 % more affordable than the average price (₱ 2,433,363). Next with a price of ₱ 401,231 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 11% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 1,105,138.
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 90 % less expensive than the average market price (₱ 2,433,363) followed by "Gasoline" priced at ₱ 426,213. On average the cheapest type of fuel is "Gasoline". It´s price is 82 % more affordable than the average market value followed by "Diesel" with a price of ₱ 233,525.