Mitsubishi Strada 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 Strada cars has had a strong depreciation during the last 6 months we have studied. The average price in April was of ₱ 1,195,612. This price hardly went through any changes and remained at ₱ 1,196,000 during May. The following two months the selling price went through a strong reduction of -42 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -17 % compared to the 4 previous average values going down from ₱ 944,898.5 to ₱ 784,180.5.
The average price for Mitsubishi Strada has had a strong rise in recent years. Between 2007 and 2013, the average price is ₱ 395,977.44. There was a significant inflation of the average price in 2007 (₱ 347,000) moving up till (₱ 670,000)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 51 %. During the last two years, prices in the car industry have gone through a strong rise of 27 % 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 (₱ 817,166.5) and the the last two years that have been analyzed (2019, 2020) with a price of ₱ 1,036,666.5.
The graph that displays the price for Mitsubishi Strada 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 36 % more affordable than the average price (₱ 805,012). Next with a price of ₱ 664,400 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 2% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₱ 806,600.
The graph showing the average price for the fuel type for Mitsubishi Strada cars points out to "Gasoline" as being the cheapest fuel type. It is 65 % less expensive than the average market price (₱ 805,012) followed by "Diesel" priced at ₱ 399,738. On average the cheapest type of fuel is "Diesel". It´s price is 50 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 279,444.