Kia Sportage 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 Sportage cars has had a strong depreciation during the last 6 months we have studied. The average price for July is ₱ 653,012. During August there was a slight reduction in the selling prices dropping till ₱ 570,525. The following two months the selling price went through a strong reduction of -22 % 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 ₱ 545,140.75 to ₱ 496,613.5 during November and December.
The average price for Kia Sportage has had a strong rise in recent years. Between "before 2000" and 2013, the average price is ₱ 405,691.28. There was a significant inflation of the average price in "before 2000" (₱ 219,000) moving up till (₱ 520,294)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 47 %. During the last two years, prices in the car industry have gone through a strong rise of 22 % 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 (₱ 769,274.5) and the the last two years that have been analyzed (2016, 2019) with a price of ₱ 941,833.5.
The graph that displays the price for Kia Sportage 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 42 % more affordable than the average price (₱ 481,002). Next with a price of ₱ 372,667 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 5% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 467,246.
The graph showing the average price for the fuel type for Kia Sportage cars points out to "Diesel" as being the cheapest fuel type. It is 24 % less expensive than the average market price (₱ 481,002) followed by "Gasoline" priced at ₱ 675,550. On average the most expensive type of fuel is "Gasoline". It´s price is 40 % higher than the average market price followed by "Diesel" which costs ₱ 363,278.