Mitsubishi Canter 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 Canter cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₱ 605,385. During November there was a slight reduction in the selling prices dropping till ₱ 559,846. The following two months (December, January) 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 months, the price has gone through a strong devaluation of -15 % compared to the 4 previous average values going down from ₱ 545,876 to ₱ 461,984.5.
The average price for Mitsubishi Canter has become more expensive in recent years. Between "before 2000" and 2006, the average price is ₱ 527,409.69. There was a significant inflation of the average price in "before 2000" (₱ 424,125) moving up till (₱ 535,333)in 2006. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -41 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 16 % 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 (₱ 367,708.25) and the the last two years that have been analyzed (2012, 2013) with a price of ₱ 426,666.5.