Hyundai Grand Starex 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 Grand Starex cars has had a strong depreciation during the last 6 months we have studied. The average price for March is ₱ 1,548,175. During April there was a slight reduction in the selling prices dropping till ₱ 1,419,375. The following two months (May, June) 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 -21 % compared to the 4 previous average values going down from ₱ 1,373,005.75 to ₱ 1,081,534.5.
The average price for Hyundai Grand Starex has had a strong rise in recent years. Between 2005 and 2015, the average price is ₱ 535,684.19. There was a significant inflation of the average price in 2005 (₱ 368,333) moving up till (₱ 1,052,333)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 100 %. During the last two years, prices in the car industry have gone through a strong rise of 39 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₱ 1,763,071.5) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 2,455,000.
The graph that displays the price for Hyundai Grand Starex 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 43 % more affordable than the average price (₱ 1,016,350). Next with a price of ₱ 608,512 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 24% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 918,250.
The graph showing the average price for the fuel type for Hyundai Grand Starex cars points out to "Gasoline" as being the cheapest fuel type. It is 44 % less expensive than the average market price (₱ 1,016,350) followed by "Diesel" priced at ₱ 750,862. On average the cheapest type of fuel is "Diesel". It´s price is 26 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 568,643.