Kia Sorento Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.
The selling price for Kia Sorento cars has had a strong depreciation during the last 6 months we have studied. In July the average price per vehicle is ₱ 660,813. During August the price went trough a strong deflation till ₱ 508,163. The following two months the selling price went through a strong reduction of -27 % compared to the previous two months studied. In the last two, the price has gone through a -9 % devaluation compared to the previous average values going down from ₱ 506,439.5 to ₱ 459,481.5 during November and December.
The average price for Kia Sorento has had a strong rise in recent years. During 2004 and 2011, the average price was ₱ 334,541.81. During this period, prices pretty much remained constant. During the next two years (2012, 2013) the price for the aforementioned model has gone up strongly a 50 %. During the last two years, prices in the car industry have gone up 8 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₱ 545,583.25) and the the last two years that were studied (2014, 2015) with a price of ₱ 589,666.5.
The graph that displays the price for Kia Sorento cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 10 % more affordable than the average price (₱ 460,200). Next with a price of ₱ 520,909 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 23% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₱ 542,500.
The graph showing the average price for the fuel type for Kia Sorento cars points out to "Gasoline" as being the cheapest fuel type. It is 10 % less expensive than the average market price (₱ 460,200) followed by "Diesel" priced at ₱ 451,912. On average the cheapest type of fuel is "Diesel". It´s price is 2 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 413,400.