Toyota Hilux 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 Toyota Hilux cars has had a strong depreciation during the last 6 months we have studied. In June the average price per vehicle is ₱ 2,023,025. During July the price went trough a strong deflation till ₱ 1,706,625. The following two months the selling price went through a strong reduction of -27 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -19 % compared to the 4 previous average values going down from ₱ 1,615,818.75 to ₱ 1,308,954.
The average price for Toyota Hilux has had a strong rise in recent years. Between "before 2000" and 2019, the average price is ₱ 458,634.41. There was a significant inflation of the average price in "before 2000" (₱ 165,750) moving up till (₱ 817,348)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 162 %. 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 (₱ 1,404,314.75) and the the last two years that were studied (2022, 2023) with a price of ₱ 1,606,346.
The graph that displays the price for Toyota Hilux 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 57 % more affordable than the average price (₱ 1,344,988). Next with a price of ₱ 716,011 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 1% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 1,082,484.
The graph showing the average price for the fuel type for Toyota Hilux cars points out to "Gasoline" as being the cheapest fuel type. It is 81 % less expensive than the average market price (₱ 1,344,988) followed by "Diesel" priced at ₱ 376,763. On average the cheapest type of fuel is "Diesel". It´s price is 72 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 261,500.