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. In March the average price per vehicle is ₱ 542,175. During April the price went trough a strong deflation till ₱ 458,127. The following two months (May, June) the selling price went through a devaluation of -13 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from ₱ 468,492.25 to ₱ 413,992.5 during July and August.
The average price for Kia Sportage has had a strong rise in recent years. Between "before 2000" and 2012, the average price is ₱ 343,005.5. There was a significant inflation of the average price in "before 2000" (₱ 91,000) moving up till (₱ 362,111)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 26 %. During the last two years, the car industry has had a strong deflation in its selling prices of -19 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₱ 361,083.25) and the the last two years (2015, 2020) with a price of ₱ 290,750.
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 32 % more affordable than the average price (₱ 381,397). Next with a price of ₱ 359,458 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 19% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₱ 440,706.
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 13 % less expensive than the average market price (₱ 381,397) followed by "Gasoline" priced at ₱ 414,867. On average the most expensive type of fuel is "Gasoline". It´s price is 9 % higher than the average market price followed by "Diesel" which costs ₱ 332,125.