Suzuki Forenza 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 Forenza cars have increased during the last 6 months. The average price for November is ₱ 276,250. During December there was a slight reduction in the selling prices dropping till ₱ 259,462. The following two months (January, February) the selling price went through a devaluation of -8 percent in the average selling price compared to the previous two months analyzed. The average price has had spectacular rise of 47 % with an average price of ₱ 257,357 during the previous 4 months and ₱ 378,355.5 during the most recent months in March and April.
The average price for Suzuki Forenza has had a strong rise in recent years. Between 2010 and 2016, the average price is ₱ 345,083.41. There was a significant inflation of the average price in 2010 (₱ 226,667) moving up till (₱ 440,833)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 41 %. During the last two years, prices in the car industry have experienced a depreciation of -7 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₱ 454,675) and the the last two years analyzed (2019, 2020) with a price of ₱ 423,400.
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 32 % more affordable than the average price (₱ 385,242). Next with a price of ₱ 271,429 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 22% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 445,250.