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 for July is ₱ 927,654. During August there was a slight reduction in the selling prices dropping till ₱ 818,963. 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 ₱ 789,590.75 to ₱ 764,675.5 during November and December.
The average price for Mitsubishi Strada has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₱ 437,822.91. There was a significant inflation of the average price in "before 2000" (₱ 200,000) moving up till (₱ 703,125)in 2015. During the next two years (2016, 2018) the price for the aforementioned model has gone up strongly a 65 %. During the last two years, prices in the car industry have gone through a strong rise of 18 % 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 (₱ 886,550) and the the last two years that have been analyzed (2019, 2020) with a price of ₱ 1,050,500.
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 30 % more affordable than the average price (₱ 742,888). Next with a price of ₱ 558,091 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 26% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 625,425.
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 52 % less expensive than the average market price (₱ 742,888) followed by "Diesel" priced at ₱ 409,263. On average the cheapest type of fuel is "Diesel". It´s price is 45 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 355,375.