Lexus 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 Lexus cars has fallen during the last 6 months we have analyzed. The average price in October was of S$ 212,646. This price hardly went through any changes and remained at S$ 213,932 during November. The following two months (December, January) 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, the price has gone through a -13 % devaluation compared to the previous average values going down from S$ 204,129 to S$ 177,801.5 during February and March.
The average price for Lexus has had a strong rise in recent years. Between 2006 and 2018, the average price is S$ 88,697.84. There was a significant inflation of the average price in 2006 (S$ 31,800) moving up till (S$ 144,361)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 85 %. During the last two years, prices in the car industry have gone through a strong rise of 17 % 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 (S$ 198,670.25) and the the last two years that have been analyzed (2021, 2022) with a price of S$ 232,899.5.
The graph that displays the price for Lexus 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 48 % more affordable than the average price (S$ 167,362). Next with a price of S$ 101,678 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 33% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of S$ 177,558.