Nissan Urvan Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Nissan Urvan cars have gone through a strong rise during the last 6 months. During the first month analyzed in October the average price was ₱ 851,250. November went through a strong inflation with a rise in the price till ₱ 987,575. During the following two months (December, January) the average selling price rose somewhat going from ₱ 919,412.5 to ₱ 980,228. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 949,820.25 to ₱ 981,282.5 during February and March.
The average price for Nissan Urvan has had a strong rise in recent years. Between "before 2000" and 2017, the average price is ₱ 360,832.84. There was a significant inflation of the average price in "before 2000" (₱ 116,000) moving up till (₱ 936,706)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 222 %. During the last two years, prices in the car industry have gone up 8 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₱ 1,268,030) and the the last two years that were studied (2020, 2021) with a price of ₱ 1,374,250.
The graph that displays the price for Nissan Urvan 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 68 % more affordable than the average price (₱ 1,338,350). Next with a price of ₱ 436,429 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 12% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 962,521.