Hyundai Santa Fe 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 Santa Fe cars has had a strong depreciation during the last 6 months we have studied. The average price for August is ₱ 869,549. During September there was a slight reduction in the selling prices dropping till ₱ 764,024. The following two months the selling price went through a strong reduction of -15 % compared to the previous two months studied. In the last two, the price has gone through a -5 % devaluation compared to the previous average values going down from ₱ 753,865 to ₱ 714,450 during December and January.
The average price for Hyundai Santa Fe has had a strong rise in recent years. During the first sample analyzed (2006 - 2012), the average selling price stood at ₱ 368,958.84. During this time, the price for 2006 which was ₱ 442,429 decreased to ₱ 408,000 during 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 146 %. During the last two years, prices in the car industry have gone through a strong rise of 21 % 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 (₱ 1,145,177.75) and the the last two years that have been analyzed (2015, 2019) with a price of ₱ 1,383,439.
The graph that displays the price for Hyundai Santa Fe 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 42 % more affordable than the average price (₱ 764,450). Next with a price of ₱ 445,375 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 100,000". It is 21% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₱ 527,833.
The graph showing the average price for the fuel type for Hyundai Santa Fe cars points out to "Gasoline" as being the cheapest fuel type. It is 62 % less expensive than the average market price (₱ 764,450) followed by "Diesel" priced at ₱ 621,663. On average the cheapest type of fuel is "Diesel". It´s price is 19 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 293,647.