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 October the average price was ₱ 405,831. November went through a strong inflation with a rise in the price till ₱ 473,530. During the following two months (December, January) the average selling price experienced a noticeable rise, going up 29 % from ₱ 439,680.5 to ₱ 567,425. In the last two, the price has gone through a -8 % devaluation compared to the previous average values going down from ₱ 503,552.75 to ₱ 461,979 during February and March.
The average price for Kia Forte has had a strong rise in recent years. Between "before 2000" and 2014, the average price is ₱ 362,735.38. There was a significant inflation of the average price in "before 2000" (₱ 125,000) moving up till (₱ 463,500)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 29 %. During the last two years, prices in the car industry have gone through a strong rise of 35 % 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 (₱ 720,682) and the the last two years that have been analyzed (2017, 2018) with a price of ₱ 972,982.
The graph that displays the price for Kia Forte 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 31 % more affordable than the average price (₱ 429,287). Next with a price of ₱ 363,357 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 20% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₱ 408,200.
The graph showing the average price for the fuel type for Kia Forte cars marks "Gasoline" as the most costly fuel type. It is 9 % more expensive than the average market price (₱ 429,287) followed by "Diesel" priced at ₱ 568,111. On average the most expensive type of fuel is "Diesel". It´s price is 32 % higher than the average market price followed by "Gasoline" which costs ₱ 466,083.