Kia Rio 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 Rio cars has fallen during the last 6 months we have analyzed. The average price in February was of ₱ 538,400. This price hardly went through any changes and remained at ₱ 524,275 during March. The following two months (April, May) the selling price went through a devaluation of -14 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 493,581.25 to ₱ 491,237.5 during June and July.
The average price for Kia Rio has had a strong rise in recent years. Between 2001 and 2015, the average price is ₱ 251,824.83. There was a significant inflation of the average price in 2001 (₱ 120,750) moving up till (₱ 419,870)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 69 %. During the last two years, prices in the car industry have gone through a strong rise of 23 % 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 (₱ 553,068.25) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 680,083.5.
The graph that displays the price for Kia Rio 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 53 % more affordable than the average price (₱ 503,500). Next with a price of ₱ 265,319 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 8% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 430,333.
The graph showing the average price for the fuel type for Kia Rio cars points out to "Diesel" as being the cheapest fuel type. It is 63 % less expensive than the average market price (₱ 503,500) followed by "Gasoline" priced at ₱ 452,675. On average the cheapest type of fuel is "Gasoline". It´s price is 10 % more affordable than the average market value followed by "Diesel" with a price of ₱ 188,529.
The graph displaying the average price for vehicles with doors shows that Kia Rio automobiles with the cheapest price have 4 doors. They are 37 % cheaper than the average price for this model priced at ₱ 317,500. Cars with the lowest price have 5 doors and are 12 % cheaper than the average previously displayed.