Mitsubishi Adventure 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 Mitsubishi Adventure cars has had a strong depreciation during the last 6 months we have studied. The average price in July was of ₱ 790,469. This price hardly went through any changes and remained at ₱ 751,131 during August. The following two months the selling price went through a strong reduction of -17 % compared to the previous two months studied. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from ₱ 704,364 to ₱ 621,581.5 during November and December.
The average price for Mitsubishi Adventure has had a strong rise in recent years. Between "before 2000" and 2014, the average price is ₱ 256,409.38. There was a significant inflation of the average price in "before 2000" (₱ 131,429) moving up till (₱ 508,224)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 88 %. During the last two years, prices in the car industry have experienced a depreciation of -10 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₱ 436,409.25) and the the last two years analyzed (2017, 2018) with a price of ₱ 390,873.5.
The graph that displays the price for Mitsubishi Adventure cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 62 % more affordable than the average price (₱ 616,819). Next with a price of ₱ 262,107 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 12% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₱ 537,719.
The graph showing the average price for the fuel type for Mitsubishi Adventure cars points out to "Gasoline" as being the cheapest fuel type. It is 67 % less expensive than the average market price (₱ 616,819) followed by "Diesel" priced at ₱ 562,319. On average the cheapest type of fuel is "Diesel". It´s price is 9 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 200,646.