Honda Fit Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Honda Fit cars has fallen during the last 6 months we have analyzed. The average price in March was of ₱ 242,095. This price hardly went through any changes and remained at ₱ 253,102 during April. The average selling price has remained fairly constant during the following two months, going from ₱ 247,598.5 to ₱ 235,587. In the last two months, the price has gone through a strong devaluation of -17 % compared to the 4 previous average values going down from ₱ 241,592.75 to ₱ 199,711.
The average price for Honda Fit has remained constant in recent years. During 2001 and 2005, the average price was ₱ 182,305.5. During this period, prices pretty much remained constant. Cars belonging to the model aforementioned had a price deflation of -11 percent in the next two years (2006, 2007) compared to the previous two years. During the last two years, prices in the car industry have gone up 14 % 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 (₱ 186,933.5) and the the last two years that were studied (2008, 2010) with a price of ₱ 212,333.5.
The graph that displays the price for Honda Fit cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 3 % more affordable than the average price (₱ 179,474). Next with a price of ₱ 176,739 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 13% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 176,739.
The graph showing the average price for the fuel type for Honda Fit cars points out to "Diesel" as being the cheapest fuel type. It is 19 % less expensive than the average market price (₱ 179,474) followed by "Gasoline" priced at ₱ 200,259. On average the most expensive type of fuel is "Gasoline". It´s price is 12 % higher than the average market price followed by "Diesel" which costs ₱ 145,250.