Hyundai 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 Starex cars has had a strong depreciation during the last 6 months we have studied. In July the average price per vehicle is ₱ 1,053,559. During August the price went trough a strong deflation till ₱ 894,900. The following two months the selling price went through a strong reduction of -16 % compared to the previous two months studied. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from ₱ 894,339.75 to ₱ 783,744 during November and December.
The average price for Hyundai Starex has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₱ 388,221.06. There was a significant inflation of the average price in "before 2000" (₱ 163,648) moving up till (₱ 740,111)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 144 %. During the last two years, prices in the car industry have gone through a strong rise of 19 % 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 (₱ 1,171,166.75) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 1,395,583.5.
The graph that displays the price for Hyundai 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 63 % more affordable than the average price (₱ 762,800). Next with a price of ₱ 411,000 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 12% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 828,682.
The graph showing the average price for the fuel type for Hyundai Starex cars points out to "Gasoline" as being the cheapest fuel type. It is 71 % less expensive than the average market price (₱ 762,800) followed by "Diesel" priced at ₱ 614,325. 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 ₱ 219,963.