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 for February is ₱ 211,000. During March there was a slight reduction in the selling prices dropping till ₱ 193,563. The following two months (April, May) the selling price went through a devaluation of -10 percent in the average selling price compared to the previous two months analyzed. The average price has risen 6 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₱ 204,429.5) during June and July.
The average price for Honda Fit has become more expensive in recent years. Between 2000 y 2005, the average price is ₱ 231,958.25. There was a price inflation going from (₱ 202,000) to (₱ 227,500). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -25 % compared to the previous period. During the last two years, prices in the car industry have gone up 13 % 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 (₱ 198,608.25) and the the last two years that were studied (2008, 2010) with a price of ₱ 224,050.
The graph that displays the price for Honda Fit cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 11 % more affordable than the average price (₱ 210,794). Next with a price of ₱ 207,682 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". 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 ₱ 232,000.
The graph showing the average price for the fuel type for Honda Fit cars marks "Gasoline" as the most costly fuel type. It is 2 % more expensive than the average market price (₱ 210,794) followed by "Diesel" priced at ₱ 217,500. On average the most expensive type of fuel is "Diesel". It´s price is 3 % higher than the average market price followed by "Gasoline" which costs ₱ 215,353.