Hyundai 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 Hyundai cars has had a strong depreciation during the last 6 months we have studied. The average price in February was of S$ 73,434. This price hardly went through any changes and remained at S$ 70,147 during March. The following two months the selling price went through a strong reduction of -32 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -36 % compared to the 4 previous average values going down from S$ 60,125.75 to S$ 38,522.
The average price for Hyundai has had a strong rise in recent years. Between 2005 y 2013, the average price is S$ 31,863.57. There was a price inflation going from (S$ 30,062) to (S$ 32,650). During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 95 %. During the last two years, prices in the car industry have gone up 8 % 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 (S$ 67,532.75) and the the last two years that were studied (2016, 2017) with a price of S$ 72,816.5.
The graph that displays the price for Hyundai 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 31 % more affordable than the average price (S$ 38,974). Next with a price of S$ 38,398 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 80% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of S$ 60,759.