Kia Sorento 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 Sorento cars has fallen during the last 6 months we have analyzed. The average price for January is ₱ 665,150. During February there was a slight reduction in the selling prices dropping till ₱ 615,788. The following two months (March, April) the selling price went through a devaluation of -8 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 614,816 to ₱ 620,906 during May and June.
The average price for Kia Sorento has had a strong rise in recent years. Between 2004 and 2012, the average price is ₱ 476,531.38. There was a significant inflation of the average price in 2004 (₱ 369,500) moving up till (₱ 632,000)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 45 %. During the last two years, prices in the car industry have gone through a strong rise of 33 % 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 (₱ 1,035,625) and the the last two years that have been analyzed (2015, 2019) with a price of ₱ 1,379,416.5.
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 45 % more affordable than the average price (₱ 655,362). Next with a price of ₱ 496,217 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 9% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 605,235.
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 31 % less expensive than the average market price (₱ 655,362) followed by "Diesel" priced at ₱ 487,102. On average the cheapest type of fuel is "Diesel". It´s price is 26 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 452,900.