Kia Sorento 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 Sorento cars have gone through a strong rise during the last 6 months. In February the price for a car is ₱ 409,529 increasing till ₱ 463,475 in March. During the following two months (April, May) the average selling price rose somewhat going from ₱ 436,502 to ₱ 485,975. The average price has had spectacular rise of 29 % with an average price of ₱ 461,238.5 during the previous 4 months and ₱ 595,263 during the most recent months in June and July.
The average price for Kia Sorento has had a strong rise in recent years. Between 2004 and 2012, the average price is ₱ 373,509. There was a significant inflation of the average price in 2004 (₱ 327,600) moving up till (₱ 495,000)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 140 %. During the last two years, prices in the car industry have gone through a strong rise of 26 % 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 (₱ 1,206,242.5) and the the last two years that have been analyzed (2015, 2019) with a price of ₱ 1,516,493.5.
The graph that displays the price for Kia Sorento 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 64 % more affordable than the average price (₱ 653,794). Next with a price of ₱ 512,731 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 46% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 596,397.
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 47 % less expensive than the average market price (₱ 653,794) followed by "Diesel" priced at ₱ 530,189. On average the cheapest type of fuel is "Diesel". It´s price is 19 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 345,727.