Mitsubishi Montero 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 Montero cars has had a strong depreciation during the last 6 months we have studied. The average price for July is ₱ 1,654,601. During August there was a slight reduction in the selling prices dropping till ₱ 1,497,211. The following two months the selling price went through a strong reduction of -16 % compared to the previous two months studied. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 1,448,915 to ₱ 1,429,737.5 during November and December.
The average price for Mitsubishi Montero has had a strong rise in recent years. Between "before 2000" and 2019, the average price is ₱ 714,828.44. There was a significant inflation of the average price in "before 2000" (₱ 361,333) moving up till (₱ 1,051,771)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 87 %. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₱ 1,302,305.75 in 2022 and ₱ 1,267,653 during 2023.
The graph that displays the price for Mitsubishi Montero 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 56 % more affordable than the average price (₱ 1,609,276). Next with a price of ₱ 709,250 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 7% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 1,352,363.
The graph showing the average price for the fuel type for Mitsubishi Montero cars points out to "Gasoline" as being the cheapest fuel type. It is 80 % less expensive than the average market price (₱ 1,609,276) followed by "Diesel" priced at ₱ 628,782. On average the cheapest type of fuel is "Diesel". It´s price is 61 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 328,303.