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. The average price for November is ₱ 804,688. During December there was a slight reduction in the selling prices dropping till ₱ 762,800. The following two months (January, February) the selling price went through a devaluation of -13 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 ₱ 733,682.75 to ₱ 619,599.5.
The average price for Hyundai Starex has had a strong rise in recent years. Between "before 2000" and 2012, the average price is ₱ 323,424.16. There was a significant inflation of the average price in "before 2000" (₱ 159,250) moving up till (₱ 547,733)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 105 %. During the last two years, prices in the car industry have experienced a depreciation of -6 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₱ 623,674.5) and the the last two years analyzed (2015, 2016) with a price of ₱ 583,857.
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 57 % more affordable than the average price (₱ 636,787). Next with a price of ₱ 389,350 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 21% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 494,333.
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 57 % less expensive than the average market price (₱ 636,787) followed by "Diesel" priced at ₱ 542,637. On average the cheapest type of fuel is "Diesel". It´s price is 15 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 276,583.