Mercedes Benz S Class 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 Mercedes Benz S Class cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₱ 3,372,040. During November the price went trough a strong deflation till ₱ 1,518,806. The following two months (December, January) the selling price went through a devaluation of -14 percent in the average selling price compared to the previous two months analyzed. The average price has had spectacular rise of 46 % with an average price of ₱ 2,275,286.25 during the previous 4 months and ₱ 3,330,465.5 during the most recent months in February and March.
The average price for Mercedes Benz S Class has had a strong rise in recent years. Between "before 2000" and 2012, the average price is ₱ 1,792,160.75. There was a significant inflation of the average price in "before 2000" (₱ 326,875) moving up till (₱ 2,660,000)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 91 %. During the last two years, prices in the car industry have gone through a strong rise of 40 % 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 (₱ 5,729,667) and the the last two years that have been analyzed (2016, 2017) with a price of ₱ 8,036,333.5.
The graph that displays the price for Mercedes Benz S Class 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 86 % more affordable than the average price (₱ 2,574,838). Next with a price of ₱ 967,476 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 77% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 3,036,805.
The graph showing the average price for the fuel type for Mercedes Benz S Class cars points out to "Diesel" as being the cheapest fuel type. It is 90 % less expensive than the average market price (₱ 2,574,838) followed by "Gasoline" priced at ₱ 829,867. On average the cheapest type of fuel is "Gasoline". It´s price is 68 % more affordable than the average market value followed by "Diesel" with a price of ₱ 250,000.