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 for November is ₱ 586,812. During December there was a slight reduction in the selling prices dropping till ₱ 556,100. The average selling price has remained fairly constant during the following two months, going from ₱ 571,456 to ₱ 544,606. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from ₱ 558,031 to ₱ 490,762.5 during March and April.
The average price for Kia Rio has had a strong rise in recent years. Between 2001 and 2015, the average price is ₱ 277,281.19. There was a significant inflation of the average price in 2001 (₱ 152,667) moving up till (₱ 407,167)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 64 %. 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 (₱ 624,467) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 794,884.
The graph that displays the price for Kia Rio cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 37 % more affordable than the average price (₱ 457,250). Next with a price of ₱ 295,000 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 11% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 405,000.
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 58 % less expensive than the average market price (₱ 457,250) followed by "Gasoline" priced at ₱ 395,850. On average the cheapest type of fuel is "Gasoline". It´s price is 13 % more affordable than the average market value followed by "Diesel" with a price of ₱ 194,000.
The graph displaying the average price for vehicles with doors shows that Kia Rio automobiles with the cheapest price have 4 doors. They are 32 % cheaper than the average price for this model priced at ₱ 311,000. Cars with the the highest price have 5 doors and are 11 % more expensive than the average mentioned before.