Suzuki Forenza 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 Forenza cars has had a strong depreciation during the last 6 months we have studied. The average price in June was of ₱ 426,906. This price hardly went through any changes and remained at ₱ 423,863 during July. The following two months the selling price went through a strong reduction of -28 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -35 % compared to the 4 previous average values going down from ₱ 366,101.75 to ₱ 239,099.
The average price for Suzuki Forenza has had a strong rise in recent years. Between 2006 and 2014, the average price is ₱ 262,095.17. There was a significant inflation of the average price in 2006 (₱ 245,000) moving up till (₱ 451,500)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 15 %. During the last two years, prices in the car industry have gone through a strong rise of 17 % 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 (₱ 363,800) and the the last two years that have been analyzed (2017, 2018) with a price of ₱ 425,550.
The graph that displays the price for Suzuki Forenza cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 16 % more affordable than the average price (₱ 239,143). Next with a price of ₱ 206,667 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 83% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 312,833.