Suzuki Ertiga Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Suzuki Ertiga cars have increased during the last 6 months. In October the price for a car is ₱ 607,113 increasing till ₱ 683,863 in November. The average selling price has remained fairly constant during the following two months, going from ₱ 645,488 to ₱ 662,688. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 654,088 to ₱ 672,154.5 during February and March.
The average price for Suzuki Ertiga has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2014 to 2018, the average price was ₱ 1,558,671.75. Please take note of of the significant depreciation in the prices between 2014 (₱ 5,697,778) and 2018 (₱ 563,386). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -53 % compared to the previous period. During the last two years, prices in the car industry have gone up 6 % 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 (₱ 785,993.25) and the the last two years that were studied (2022, 2023) with a price of ₱ 835,861.
The graph that displays the price for Suzuki Ertiga 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 38 % more affordable than the average price (₱ 769,075). Next with a price of ₱ 591,901 and a mileage range of "25,000 - 50,000" 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 "100,000 - 200,000" priced at ₱ 679,000.