Hyundai Elantra Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Hyundai Elantra cars have gone through a strong rise during the last 6 months. During the first month analyzed in October the average price was ₱ 390,761. November went through a strong inflation with a rise in the price till ₱ 770,911. During the following two months (December, January) the average selling price experienced a noticeable rise, going up 33 % from ₱ 580,836 to ₱ 775,192.5. In the last two, the price has gone through a -14 % devaluation compared to the previous average values going down from ₱ 678,014.25 to ₱ 582,600 during February and March.
The average price for Hyundai Elantra has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₱ 293,720.16. There was a significant inflation of the average price in "before 2000" (₱ 95,571) moving up till (₱ 432,389)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 71 %. 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 (₱ 576,578) and the the last two years that were studied (2018, 2019) with a price of ₱ 650,255.
The graph that displays the price for Hyundai Elantra 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 83 % more affordable than the average price (₱ 780,200). Next with a price of ₱ 301,750 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 3% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 561,250.
The graph showing the average price for the fuel type for Hyundai Elantra cars points out to "Diesel" as being the cheapest fuel type. It is 76 % less expensive than the average market price (₱ 780,200) followed by "Gasoline" priced at ₱ 299,516. On average the cheapest type of fuel is "Gasoline". It´s price is 62 % more affordable than the average market value followed by "Diesel" with a price of ₱ 188,379.