Jeep Grand Cherokee 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 Jeep Grand Cherokee cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₱ 1,283,167. During November there was a slight reduction in the selling prices dropping till ₱ 1,185,820. The following two months the selling price went through a strong reduction of -43 % compared to the previous two months studied. In the last two, the price has gone through a -13 % devaluation compared to the previous average values going down from ₱ 969,346.75 to ₱ 843,919 during February and March.
The average price for Jeep Grand Cherokee has had a strong rise in recent years. Between "before 2000" and 2012, the average price is ₱ 613,625. There was a significant inflation of the average price in "before 2000" (₱ 155,333) moving up till (₱ 910,000)in 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 28 % 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 (₱ 2,088,066.5) and the the last two years that have been analyzed (2015, 2017) with a price of ₱ 2,669,666.5.
The graph that displays the price for Jeep Grand Cherokee 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 32 % more affordable than the average price (₱ 1,287,250). Next with a price of ₱ 1,298,111 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 86% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 1,575,000.
The graph showing the average price for the fuel type for Jeep Grand Cherokee cars points out to "Gasoline" as being the cheapest fuel type. It is 68 % less expensive than the average market price (₱ 1,287,250) followed by "Diesel" priced at ₱ 491,500. On average the cheapest type of fuel is "Diesel". It´s price is 62 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 410,000.