Kia Rio Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for Kia Rio cars have remained constant in the last 6 months. In April the price for a car is ₱ 462,388 increasing till ₱ 488,838 in May. The following two months (June, July) the selling price went through a devaluation of -6 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 ₱ 461,871.75 to ₱ 448,480.5 during August and September.
The average price for Kia Rio has had a strong rise in recent years. Between 2009 and 2012, the average price is ₱ 311,856.25. There was a significant inflation of the average price in 2009 (₱ 338,000) moving up till (₱ 462,375)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 71 %. During the last two years, prices in the car industry have experienced a depreciation of -8 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₱ 494,399.5) and the the last two years analyzed (2015, 2016) with a price of ₱ 456,374.
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 54 % more affordable than the average price (₱ 459,462). Next with a price of ₱ 275,929 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 2% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 431,778.
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 57 % less expensive than the average market price (₱ 459,462) followed by "Gasoline" priced at ₱ 416,838. On average the cheapest type of fuel is "Gasoline". It´s price is 9 % more affordable than the average market value followed by "Diesel" with a price of ₱ 196,833.