Kia Rio 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 Rio cars have gone through a strong rise during the last 6 months. During the first month analyzed in February the average price was ₱ 290,063. March went through a strong inflation with a rise in the price till ₱ 437,750. During the following two months (April, May) the average selling price experienced a noticeable rise, going up 31 % from ₱ 363,906.5 to ₱ 475,613. The average price has risen 7 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₱ 448,130.5) during June and July.
The average price for Kia Rio has had a strong rise in recent years. Between 2003 and 2013, the average price is ₱ 255,057.72. There was a significant inflation of the average price in 2003 (₱ 132,500) moving up till (₱ 408,667)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 113 %. During the last two years, the car industry has had a strong deflation in its selling prices of -21 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₱ 448,394.25) and the the last two years (2016, 2017) with a price of ₱ 352,383.
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 44 % more affordable than the average price (₱ 505,487). Next with a price of ₱ 301,458 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 5% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 362,909.
The graph showing the average price for the fuel type for Kia Rio cars points out to "Gasoline" as being the cheapest fuel type. It is 11 % less expensive than the average market price (₱ 505,487) followed by "Diesel" priced at ₱ 2,772,500. On average the most expensive type of fuel is "Diesel". It´s price is 448 % higher than the average market price followed by "Gasoline" which costs ₱ 452,217.