Suzuki Grand Vitara 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 Grand Vitara cars has had a strong depreciation during the last 6 months we have studied. The average price for December is ₱ 690,755. During January there was a slight reduction in the selling prices dropping till ₱ 627,582. The following two months the selling price went through a strong reduction of -20 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -24 % compared to the 4 previous average values going down from ₱ 593,710.75 to ₱ 453,149.
The average price for Suzuki Grand Vitara has become more expensive in recent years. During the first sample analyzed, going from 2001 to 2006, the average price was ₱ 380,333.34. Please take note of of the significant depreciation in the prices between 2001 (₱ 418,333) and 2006 (₱ 342,667). During the next two years (2007, 2014) the price for the aforementioned model has gone up strongly a 15 %. 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 (₱ 511,957.25) and the the last two years that were studied (2015, 2016) with a price of ₱ 584,871.5.
The graph that displays the price for Suzuki Grand Vitara cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 22 % more affordable than the average price (₱ 463,114). Next with a price of ₱ 388,900 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 40% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 513,786.
The graph showing the average price for the fuel type for Suzuki Grand Vitara cars points out to "Diesel" as being the cheapest fuel type. It is 69 % less expensive than the average market price (₱ 463,114) followed by "Gasoline" priced at ₱ 454,900. On average the cheapest type of fuel is "Gasoline". It´s price is 2 % more affordable than the average market value followed by "Diesel" with a price of ₱ 144,333.