Suzuki Forenza 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 Suzuki Forenza cars have gone through a strong rise during the last 6 months. During the first month analyzed in November the average price was ₱ 239,143. December went through a strong inflation with a rise in the price till ₱ 290,052. During the following two months (January, February) the average selling price experienced a noticeable rise, going up 27 % from ₱ 264,597.5 to ₱ 335,583. The average price has had spectacular rise of 15 % with an average price of ₱ 300,090.25 during the previous 4 months and ₱ 345,647 during the most recent months in March and April.
The average price for Suzuki Forenza has had a strong rise in recent years. Between 2005 and 2015, the average price is ₱ 1,451,149.88. There was a significant inflation of the average price in 2005 (₱ 119,333) moving up till (₱ 359,333)in 2015. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -67 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 25 % 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 (₱ 632,327.25) and the the last two years that have been analyzed (2018, 2019) with a price of ₱ 787,821.5.
The graph that displays the price for Suzuki Forenza 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 57 % more affordable than the average price (₱ 318,569). Next with a price of ₱ 232,000 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 37% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 368,833.