Kia Forte Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Kia Forte cars have gone through a strong rise during the last 6 months. During the first month analyzed in April the average price was ₱ 376,627. May went through a strong inflation with a rise in the price till ₱ 439,849. During the following two months (June, July) the average selling price rose somewhat going from ₱ 408,238 to ₱ 434,262. The average price has risen 14 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₱ 482,172.5) during August and September.
The average price for Kia Forte has had a strong rise in recent years. Between 2005 and 2015, the average price is ₱ 371,516.81. There was a significant inflation of the average price in 2005 (₱ 199,667) moving up till (₱ 390,000)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 83 %. During the last two years, prices in the car industry have gone through a strong rise of 22 % 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 (₱ 874,397.25) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 1,068,100.
The graph that displays the price for Kia Forte 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 27 % more affordable than the average price (₱ 510,745). Next with a price of ₱ 411,000 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 32% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 626,040.
The graph showing the average price for the fuel type for Kia Forte cars points out to "Diesel" as being the cheapest fuel type. It is 16 % less expensive than the average market price (₱ 510,745) followed by "Gasoline" priced at ₱ 577,750. On average the most expensive type of fuel is "Gasoline". It´s price is 13 % higher than the average market price followed by "Diesel" which costs ₱ 431,000.