Kia Picanto 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 Kia Picanto cars has had a strong depreciation during the last 6 months we have studied. The average price for July is ₱ 434,012. During August there was a slight reduction in the selling prices dropping till ₱ 394,888. The following two months the selling price went through a strong reduction of -27 % 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 ₱ 358,204.75 to ₱ 316,713 during November and December.
The average price for Kia Picanto has had a strong rise in recent years. Between 2005 and 2015, the average price is ₱ 244,262.38. There was a significant inflation of the average price in 2005 (₱ 172,667) moving up till (₱ 279,182)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 25 %. During the last two years, prices in the car industry have gone through a strong rise of 29 % 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 (₱ 427,326.25) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 549,464.5.
The graph that displays the price for Kia Picanto 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 22 % more affordable than the average price (₱ 313,638). Next with a price of ₱ 278,444 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 1% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 307,350.
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 50 % less expensive than the average market price (₱ 313,638) followed by "Gasoline" priced at ₱ 324,516. On average the most expensive type of fuel is "Gasoline". It´s price is 3 % higher than the average market price followed by "Diesel" which costs ₱ 156,300.
The graph displaying the average price for vehicles with doors shows that Kia Picanto automobiles with the cheapest price have 4 doors. They are 22 % cheaper than the average price for this model priced at ₱ 243,750. Cars with the lowest price have 5 doors and are 3 % cheaper than the average previously displayed.