Mitsubishi Lancer Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Mitsubishi Lancer cars has fallen during the last 6 months we have analyzed. The average price in December was of ₱ 616,024. This price hardly went through any changes and remained at ₱ 592,300 during January. The average selling price has remained fairly constant during the following two months, going from ₱ 604,162 to ₱ 583,884. In the last two, the price has gone through a -5 % devaluation compared to the previous average values going down from ₱ 594,023 to ₱ 564,205 during April and May.
The average price for Mitsubishi Lancer has had a strong rise in recent years. Between "before 2000" and 2014, the average price is ₱ 288,037.12. There was a significant inflation of the average price in "before 2000" (₱ 207,250) moving up till (₱ 483,636)in 2014. Cars belonging to the model aforementioned had a price deflation of -10 percent in the next two years (2015, 2016) compared to the previous two years. During the last two years, prices in the car industry have gone through a strong rise of 87 % 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 (₱ 1,965,427) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 3,670,666.5.
The graph that displays the price for Mitsubishi Lancer 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 72 % more affordable than the average price (₱ 603,780). Next with a price of ₱ 219,152 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 10% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 539,889.
The graph showing the average price for the fuel type for Mitsubishi Lancer cars points out to "Diesel" as being the cheapest fuel type. It is 74 % less expensive than the average market price (₱ 603,780) followed by "Gasoline" priced at ₱ 454,429. On average the cheapest type of fuel is "Gasoline". It´s price is 25 % more affordable than the average market value followed by "Diesel" with a price of ₱ 154,111.