Kia Picanto 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 Picanto cars have gone through a strong rise during the last 6 months. During the first month analyzed in February the average price was ₱ 260,275. March went through a strong inflation with a rise in the price till ₱ 302,800. During the following two months (April, May) the average selling price experienced a noticeable rise, going up 27 % from ₱ 281,537.5 to ₱ 357,518. The average price has had spectacular rise of 21 % with an average price of ₱ 319,527.75 during the previous 4 months and ₱ 386,222 during the most recent months in June and July.
The average price for Kia Picanto has had a strong rise in recent years. Between 2005 and 2013, the average price is ₱ 247,032.86. There was a significant inflation of the average price in 2005 (₱ 187,000) moving up till (₱ 570,667)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 81 %. During the last two years, prices in the car industry have gone through a strong rise of 78 % 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 (₱ 2,024,429.5) and the the last two years that have been analyzed (2016, 2018) with a price of ₱ 3,602,434.5.
The graph that displays the price for Kia Picanto 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 56 % more affordable than the average price (₱ 433,287). Next with a price of ₱ 231,375 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 420% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 404,595.
The graph showing the average price for the fuel type for Kia Picanto cars points out to "Diesel" as being the cheapest fuel type. It is 57 % less expensive than the average market price (₱ 433,287) followed by "Gas" priced at ₱ 310,888. On average the cheapest type of fuel is "Gasoline". It´s price is 8 % more affordable than the average market value followed by "Gas" with a price of ₱ 310,888.