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 for August is ₱ 330,713. During September there was a slight reduction in the selling prices dropping till ₱ 282,925. The following two months the selling price went through a strong reduction of -22 % compared to the previous two months studied. The average price has had spectacular rise of 16 % with an average price of ₱ 272,959 during the previous 4 months and ₱ 317,683.5 during the most recent months in December and January.
The average price for Suzuki Forenza has remained constant in recent years. Between 2004 and 2014, the average price is ₱ 239,298.8. There was a significant inflation of the average price in 2004 (₱ 293,333) moving up till (₱ 356,857)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 58 %. During the last two years, prices in the car industry have gone up 14 % 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 (₱ 438,589.5) and the the last two years that were studied (2017, 2018) with a price of ₱ 499,096.
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 44 % more affordable than the average price (₱ 345,315). Next with a price of ₱ 268,071 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 28% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 329,438.