Isuzu Elf 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 Isuzu Elf cars has had a strong depreciation during the last 6 months we have studied. In July the average price per vehicle is ₱ 811,163. During August the price went trough a strong deflation till ₱ 572,188. The following two months the selling price went through a strong reduction of -43 % compared to the previous two months studied. The average price has risen 8 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₱ 584,869) during November and December.
The average price for Isuzu Elf has gone down in recent years. During the first sample analyzed, going from "before 2000" to 2016, the average price was ₱ 521,273.66. Please take note of of the significant depreciation in the prices between "before 2000" (₱ 645,625) and 2016 (₱ 150,000). During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 24 %. During the last two years, prices in the car industry have gone up 12 % 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 (₱ 732,908.25) and the the last two years that were studied (2019, 2021) with a price of ₱ 820,650.
The graph that displays the price for Isuzu Elf cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 31 % more affordable than the average price (₱ 710,163). Next with a price of ₱ 514,833 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 2% more costly than the average market value followed by those vehicles with a mileage of "more than 200,000" and a price of ₱ 626,333.