Toyota Innova Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Toyota Innova cars has fallen during the last 6 months we have analyzed. The average price in October was of ₱ 1,303,575. This price hardly went through any changes and remained at ₱ 1,296,563 during November. The following two months (December, January) the selling price went through a devaluation of -8 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from ₱ 1,249,622.25 to ₱ 1,207,551.5 during February and March.
The average price for Toyota Innova has had a strong rise in recent years. Between 2005 and 2015, the average price is ₱ 484,466.28. There was a significant inflation of the average price in 2005 (₱ 430,788) moving up till (₱ 603,176)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 85 %. During the last two years, prices in the car industry have gone up 11 % 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 (₱ 1,007,608.25) and the the last two years that were studied (2018, 2019) with a price of ₱ 1,117,204.
The graph that displays the price for Toyota Innova 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 60 % more affordable than the average price (₱ 1,199,789). Next with a price of ₱ 632,325 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 1% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₱ 871,987.
The graph showing the average price for the fuel type for Toyota Innova cars points out to "Gas" as being the cheapest fuel type. It is 52 % less expensive than the average market price (₱ 1,199,789) followed by "Gasoline" priced at ₱ 758,438. On average the cheapest type of fuel is "Diesel". It´s price is 10 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 758,438.
The graph displaying the average price for vehicles with doors shows that Toyota Innova automobiles with the cheapest price have 4 doors. They are 55 % cheaper than the average price for this model priced at ₱ 544,000. Cars with the lowest price have 5 doors and are 53 % cheaper than the average previously displayed.