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. In October the average price per vehicle is ₱ 1,328,675. During November the price went trough a strong deflation till ₱ 1,041,363. The following two months the selling price went through a strong reduction of -21 % compared to the previous two months studied. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 1,060,916 to ₱ 1,036,975.5 during February and March.
The average price for Mitsubishi Strada has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₱ 513,121.53. There was a significant inflation of the average price in "before 2000" (₱ 299,333) moving up till (₱ 751,706)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 76 %. 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 (₱ 1,082,018.75) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 1,258,426.5.
The graph that displays the price for Mitsubishi Strada 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 45 % more affordable than the average price (₱ 1,007,763). Next with a price of ₱ 674,781 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 2% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 891,333.
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 71 % less expensive than the average market price (₱ 1,007,763) followed by "Diesel" priced at ₱ 842,113. On average the cheapest type of fuel is "Diesel". It´s price is 16 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 293,167.