Suzuki Grand Vitara 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 Grand Vitara cars have gone through a strong rise during the last 6 months. In August the price for a car is ₱ 455,982 increasing till ₱ 505,447 in September. The average selling price has remained fairly constant during the following two months, going from ₱ 480,714.5 to ₱ 487,836. The average price has had spectacular rise of 36 % with an average price of ₱ 484,275.25 during the previous 4 months and ₱ 659,168.5 during the most recent months in December and January.
The average price for Suzuki Grand Vitara has had a strong rise in recent years. During the first sample analyzed, going from 2001 to 2007, the average price was ₱ 603,096. Please take note of of the significant depreciation in the prices between 2001 (₱ 385,000) and 2007 (₱ 255,750). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -25 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 24 % 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 (₱ 590,472) and the the last two years that have been analyzed (2015, 2017) with a price of ₱ 729,611.
The graph that displays the price for Suzuki Grand Vitara 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 65 % more affordable than the average price (₱ 627,582). Next with a price of ₱ 400,571 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 30% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of ₱ 692,718.