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 February is ₱ 481,550. During March there was a slight reduction in the selling prices dropping till ₱ 442,419. The following two months the selling price went through a strong reduction of -19 % compared to the previous two months studied. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 419,151 to ₱ 422,283.5 during June and July.
The average price for Mitsubishi Canter has had a strong rise in recent years. Between "before 2000" and 2005, the average price is ₱ 484,575. There was a significant inflation of the average price in "before 2000" (₱ 310,375) moving up till (₱ 455,000)in 2005. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -32 % compared to the previous period. During the last two years, prices in the car industry have gone up 13 % 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 (₱ 378,333.25) and the the last two years that were studied (2012, 2013) with a price of ₱ 426,666.5.