Mini 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 Mini cars has fallen during the last 6 months we have analyzed. The average price in October was of S$ 143,737. This price hardly went through any changes and remained at S$ 149,122 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 -15 % devaluation compared to the previous average values going down from S$ 139,585.5 to S$ 119,036.5 during February and March.
The average price for Mini has had a strong rise in recent years. Between 2008 and 2019, the average price is S$ 73,744.25. There was a significant inflation of the average price in 2008 (S$ 57,215) moving up till (S$ 107,378)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 95 %. 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 (S$ 171,002.25) and the the last two years that have been analyzed (2022, 2023) with a price of S$ 198,219.
The graph that displays the price for Mini 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 30 % more affordable than the average price (S$ 101,013). Next with a price of S$ 70,713 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 42% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of S$ 126,827.