Toyota Innova 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 Innova cars has had a strong depreciation during the last 6 months we have studied. In April the average price per vehicle is ₱ 1,681,850. During May the price went trough a strong deflation till ₱ 1,420,425. The following two months (June, July) the selling price went through a devaluation of -9 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 -19 % compared to the 4 previous average values going down from ₱ 1,482,015.75 to ₱ 1,205,769.5.
The average price for Toyota Innova has had a strong rise in recent years. Between 2005 and 2020, the average price is ₱ 519,786.31. There was a significant inflation of the average price in 2005 (₱ 273,900) moving up till (₱ 903,722)in 2020. During the next two years (2021, 2022) the price for the aforementioned model has gone up strongly a 90 %. During the last two years, prices in the car industry have gone up 13 % 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 (₱ 1,132,128.5) and the the last two years that were studied (2023, 2024) with a price of ₱ 1,276,291.5.
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 58 % more affordable than the average price (₱ 1,160,239). Next with a price of ₱ 735,937 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 4% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₱ 875,400.
The graph showing the average price for the fuel type for Toyota Innova cars points out to "Gasoline" as being the cheapest fuel type. It is 72 % less expensive than the average market price (₱ 1,160,239) followed by "Diesel" priced at ₱ 446,825. On average the cheapest type of fuel is "Diesel". It´s price is 61 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 324,206.