Toyota RAV4 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 RAV4 cars has had a strong depreciation during the last 6 months we have studied. In January the average price per vehicle is ₱ 1,401,675. During February the price went trough a strong deflation till ₱ 1,145,807. The average selling price has remained fairly constant during the following two months, going from ₱ 1,273,741 to ₱ 1,232,405.5. In the last two months, the price has gone through a strong devaluation of -39 % compared to the 4 previous average values going down from ₱ 1,253,073.25 to ₱ 763,178.5.
The average price for Toyota RAV4 has had a strong rise in recent years. Between "before 2000" and 2013, the average price is ₱ 943,242.62. There was a significant inflation of the average price in "before 2000" (₱ 159,650) moving up till (₱ 492,364)in 2013. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -27 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 32 % 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 (₱ 1,002,536.75) and the the last two years that have been analyzed (2017, 2020) with a price of ₱ 1,320,333.5.
The graph that displays the price for Toyota RAV4 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 61 % more affordable than the average price (₱ 562,285). Next with a price of ₱ 261,596 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 28% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₱ 528,914.
The graph showing the average price for the fuel type for Toyota RAV4 cars points out to "Diesel" as being the cheapest fuel type. It is 70 % less expensive than the average market price (₱ 562,285) followed by "Gasoline" priced at ₱ 295,901. On average the cheapest type of fuel is "Gas". It´s price is 15 % more affordable than the average market value followed by "Gasoline" with a price of ₱ 295,901.