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. During the first month analyzed in November the average price was ₱ 534,213. December went through a strong inflation with a rise in the price till ₱ 696,775. The average selling price has remained fairly constant during the following two months, going from ₱ 615,494 to ₱ 640,469. In the last two, the price has gone through a -6 % devaluation compared to the previous average values going down from ₱ 627,981.5 to ₱ 589,163 during March and April.
The average price for Kia Sorento has had a strong rise in recent years. Between 2004 and 2013, the average price is ₱ 450,405.12. There was a significant inflation of the average price in 2004 (₱ 356,571) moving up till (₱ 615,857)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 93 %. During the last two years, prices in the car industry have gone through a strong rise of 41 % 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 (₱ 1,466,116.75) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 2,063,750.
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 30 % more affordable than the average price (₱ 544,588). Next with a price of ₱ 483,000 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 22% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 498,239.
The graph showing the average price for the fuel type for Kia Sorento cars points out to "Diesel" as being the cheapest fuel type. It is 16 % less expensive than the average market price (₱ 544,588) followed by "Gasoline" priced at ₱ 528,364. On average the cheapest type of fuel is "Gasoline". It´s price is 3 % more affordable than the average market value followed by "Diesel" with a price of ₱ 455,950.