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 for July is ₱ 798,625. During August there was a slight reduction in the selling prices dropping till ₱ 683,713. 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 -13 % devaluation compared to the previous average values going down from ₱ 677,844 to ₱ 586,955 during November and December.
The average price for Mitsubishi Adventure has had a strong rise in recent years. Between "before 2000" and 2013, the average price is ₱ 241,796.27. There was a significant inflation of the average price in "before 2000" (₱ 134,667) moving up till (₱ 354,083)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 82 %. During the last two years, prices in the car industry have gone up 11 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₱ 494,301.5) and the the last two years that were studied (2016, 2017) with a price of ₱ 547,704.5.
The graph that displays the price for Mitsubishi Adventure cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 51 % more affordable than the average price (₱ 569,161). Next with a price of ₱ 281,850 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 10% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₱ 493,361.
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 64 % less expensive than the average market price (₱ 569,161) followed by "Diesel" priced at ₱ 425,162. On average the cheapest type of fuel is "Diesel". It´s price is 25 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 202,406.