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 September was of ₱ 622,273. This price hardly went through any changes and remained at ₱ 647,038 during October. The following two months (November, December) the selling price went through a devaluation of -10 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -10 % devaluation compared to the previous average values going down from ₱ 603,055.75 to ₱ 544,606 during January and February.
The average price for Kia Rio has had a strong rise in recent years. Between 2007 and 2015, the average price is ₱ 288,882. There was a significant inflation of the average price in 2007 (₱ 229,663) moving up till (₱ 361,125)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 56 %. During the last two years, prices in the car industry have gone through a strong rise of 27 % 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 (₱ 619,000.75) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 788,016.5.
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 49 % more affordable than the average price (₱ 538,400). Next with a price of ₱ 302,296 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 4% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 423,200.
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 66 % less expensive than the average market price (₱ 538,400) followed by "Gas" priced at ₱ 397,182. On average the cheapest type of fuel is "Gasoline". It´s price is 19 % more affordable than the average market value followed by "Gas" with a price of ₱ 397,182.