Hyundai Elantra 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 Hyundai Elantra cars has had a strong depreciation during the last 6 months we have studied. The average price in July was of ₱ 751,288. This price hardly went through any changes and remained at ₱ 729,250 during August. The following two months (September, October) the selling price went through a devaluation of -15 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 -16 % compared to the 4 previous average values going down from ₱ 685,337.75 to ₱ 575,417.5.
The average price for Hyundai Elantra has had a strong rise in recent years. Between "before 2000" and 2014, the average price is ₱ 323,622.41. There was a significant inflation of the average price in "before 2000" (₱ 118,500) moving up till (₱ 608,808)in 2014. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 68 %. During the last two years, prices in the car industry have gone up 9 % 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 (₱ 598,026.5) and the the last two years that were studied (2018, 2019) with a price of ₱ 651,722.
The graph that displays the price for Hyundai Elantra 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 58 % more affordable than the average price (₱ 577,086). Next with a price of ₱ 371,615 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 13% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 447,941.
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 53 % less expensive than the average market price (₱ 577,086) followed by "Gasoline" priced at ₱ 493,324. On average the cheapest type of fuel is "Gasoline". It´s price is 15 % more affordable than the average market value followed by "Diesel" with a price of ₱ 271,867.