Kia Carnival Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Kia Carnival cars has fallen during the last 6 months we have analyzed. During the first month analyzed in August the average price was ₱ 512,927. September went through a strong inflation with a rise in the price till ₱ 631,275. The following two months the selling price went through a strong reduction of -24 % 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 ₱ 502,117.25 to ₱ 439,446.5 during December and January.
The average price for Kia Carnival has had a strong rise in recent years. Between 2001 and 2008, the average price is ₱ 317,363.5. There was a significant inflation of the average price in 2001 (₱ 223,000) moving up till (₱ 411,727)in 2008. During the next two years (2009, 2010) the price for the aforementioned model has gone up strongly a 43 %. During the last two years, prices in the car industry have gone up 11 % 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 (₱ 507,862.5) and the the last two years that were studied (2012, 2013) with a price of ₱ 562,771.
The graph that displays the price for Kia Carnival 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 4 % more affordable than the average price (₱ 443,982). Next with a price of ₱ 439,667 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 28% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of ₱ 439,667.