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 September was of ₱ 217,784. This price hardly went through any changes and remained at ₱ 213,975 during October. The following two months (November, December) the selling price went through a devaluation of -6 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 209,932 to ₱ 205,615.5 during January and February.
The average price for Honda Fit has become more expensive in recent years. Between 2001 and 2006, the average price is ₱ 214,433.41. There was a significant inflation of the average price in 2001 (₱ 191,000) moving up till (₱ 258,667)in 2006. Cars belonging to the model aforementioned had a price deflation of -14 percent in the next two years (2007, 2008) compared to the previous two years. During the last two years, prices in the car industry have gone up 7 % 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 (₱ 197,166.5) and the the last two years that were studied (2010, 2013) with a price of ₱ 210,666.5.
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 1 % more affordable than the average price (₱ 210,612). Next with a price of ₱ 218,286 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 14% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₱ 218,286.
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 1 % less expensive than the average market price (₱ 210,612) followed by "Gasoline" priced at ₱ 210,813. On average the most expensive type of fuel is "Gasoline". It´s price is 0 % higher than the average market price followed by "Diesel" which costs ₱ 208,333.