Kia Sportage 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 Sportage cars have gone through a strong rise during the last 6 months. During the first month analyzed in December the average price was ₱ 361,983. January went through a strong inflation with a rise in the price till ₱ 443,948. During the following two months (February, March) the average selling price experienced a noticeable rise, going up 29 % from ₱ 402,965.5 to ₱ 521,401. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 462,183.25 to ₱ 464,657.5 during April and May.
The average price for Kia Sportage has had a strong rise in recent years. Between "before 2000" and 2012, the average price is ₱ 258,835.2. There was a significant inflation of the average price in "before 2000" (₱ 122,556) moving up till (₱ 484,000)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 105 %. During the last two years, the car industry has had a strong deflation in its selling prices of -25 % 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 (₱ 425,733.5) and the the last two years (2015, 2021) with a price of ₱ 320,639.
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 36 % more affordable than the average price (₱ 471,188). Next with a price of ₱ 382,320 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 17% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of ₱ 456,615.
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 54 % less expensive than the average market price (₱ 471,188) followed by "Gasoline" priced at ₱ 468,222. On average the cheapest type of fuel is "Gasoline". It´s price is 1 % more affordable than the average market value followed by "Diesel" with a price of ₱ 216,634.