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 January is ₱ 1,366,299. During February there was a slight reduction in the selling prices dropping till ₱ 1,237,874. The following two months (March, April) the selling price went through a devaluation of -14 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -14 % devaluation compared to the previous average values going down from ₱ 1,209,399.75 to ₱ 1,039,349.5 during May and June.
The average price for Honda Civic has had a strong rise in recent years. During the first sample analyzed, going from "before 2000" to 2015, the average price was ₱ 300,009.88. Please take note of of the significant depreciation in the prices between "before 2000" (₱ 302,536) and 2015 (₱ 189,929). During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 153 %. During the last two years, prices in the car industry have gone through a strong rise of 40 % 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 (₱ 1,268,597.75) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 1,777,456.5.
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 80 % more affordable than the average price (₱ 1,061,424). Next with a price of ₱ 222,950 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 7% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 489,204.
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 78 % less expensive than the average market price (₱ 1,061,424) followed by "Gasoline" priced at ₱ 875,049. On average the cheapest type of fuel is "Gasoline". It´s price is 18 % more affordable than the average market value followed by "Diesel" with a price of ₱ 232,375.