Honda Fit 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 Fit cars has had a strong depreciation during the last 6 months we have studied. The average price for December is ₱ 230,000. During January there was a slight reduction in the selling prices dropping till ₱ 207,909. The following two months (February, March) the selling price went through a devaluation of -6 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 -20 % compared to the 4 previous average values going down from ₱ 212,455 to ₱ 170,243.5.
The average price for Honda Fit has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2002 to 2008, the average price was ₱ 197,833.25. Please take note of of the significant depreciation in the prices between 2002 (₱ 277,667) and 2008 (₱ 172,333).
The graph that displays the price for Honda Fit cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 8 % more affordable than the average price (₱ 182,737). Next with a price of ₱ 245,000 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 96% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 245,000.
The graph showing the average price for the fuel type for Honda Fit cars points out to "Gasoline" as being the cheapest fuel type. It is 3 % less expensive than the average market price (₱ 182,737) followed by "Diesel" priced at ₱ 193,000. On average the most expensive type of fuel is "Diesel". It´s price is 6 % higher than the average market price followed by "Gasoline" which costs ₱ 178,083.