Suzuki Ertiga 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 Suzuki Ertiga cars has had a strong depreciation during the last 6 months we have studied. The average price for October is ₱ 701,563. During November there was a slight reduction in the selling prices dropping till ₱ 598,365. The following two months the selling price went through a strong reduction of -17 % compared to the previous two months studied. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 595,042 to ₱ 620,953 during February and March.
The average price for Suzuki Ertiga has had a strong rise in recent years. During 2015 and 2015, the average price was ₱ 399,600. During this period, prices pretty much remained constant. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 36 %. During the last two years, prices in the car industry have gone through a strong rise of 21 % 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 (₱ 688,163.5) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 834,609.
The graph that displays the price for Suzuki Ertiga cars according to their mileage shows that those cars within a mileage range of "25,000 - 50,000" are the ones with the lowest price. They are 17 % more affordable than the average price (₱ 648,675). Next with a price of ₱ 677,286 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 5% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₱ 677,286.
The graph showing the average price for the fuel type for Suzuki Ertiga cars points out to "Gas" as being the cheapest fuel type. It is 11 % less expensive than the average market price (₱ 648,675) followed by "Gasoline" priced at ₱ 676,533. On average the most expensive type of fuel is "Gasoline". It´s price is 4 % higher than the average market price followed by "Gas" which costs ₱ 580,500.