Toyota Landcruiser 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 Landcruiser cars has had a strong depreciation during the last 6 months we have studied. The average price in June was of ₱ 2,503,821. This price hardly went through any changes and remained at ₱ 2,515,746 during July. The following two months the selling price went through a strong reduction of -39 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -25 % compared to the 4 previous average values going down from ₱ 2,021,757 to ₱ 1,523,863.5.
The average price for Toyota Landcruiser has had a strong rise in recent years. During 2005 and 2005, the average price was ₱ 587,500. During this period, prices pretty much remained constant. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 188 %. During the last two years, prices in the car industry have gone through a strong rise of 16 % 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 (₱ 2,004,366.5) and the the last two years that have been analyzed (2015, 2016) with a price of ₱ 2,316,066.5.
The graph that displays the price for Toyota Landcruiser cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 32 % more affordable than the average price (₱ 1,565,727). Next with a price of ₱ 1,223,333 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 22% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 1,735,167.