Suzuki 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 Vitara cars has had a strong depreciation during the last 6 months we have studied. The average price for November is ₱ 491,070. During December there was a slight reduction in the selling prices dropping till ₱ 441,987. 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. In the last two months, the price has gone through a strong devaluation of -16 % compared to the 4 previous average values going down from ₱ 448,825 to ₱ 377,083.5.
The average price for Suzuki Vitara has had a strong rise in recent years. During the first sample analyzed, going from "before 2000" to 2002, the average price was ₱ 176,375. Please take note of of the significant depreciation in the prices between "before 2000" (₱ 220,750) and 2002 (₱ 132,000). During the next two years (2007, 2018) the price for the aforementioned model has gone up strongly a 148 %. During the last two years, prices in the car industry have gone through a strong rise of 23 % 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 (₱ 567,833.5) and the the last two years that have been analyzed (2019, 2020) with a price of ₱ 698,000.
The graph that displays the price for Suzuki 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 60 % more affordable than the average price (₱ 391,167). Next with a price of ₱ 353,364 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 72% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 593,500.
The graph showing the average price for the fuel type for Suzuki Vitara cars points out to "Diesel" as being the cheapest fuel type. It is 38 % less expensive than the average market price (₱ 391,167) followed by "Gasoline" priced at ₱ 385,238. 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 ₱ 243,750.