Mitsubishi 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 Mitsubishi cars has fallen during the last 6 months we have analyzed. The average price in October was of S$ 151,876. This price hardly went through any changes and remained at S$ 152,996 during November. The following two months (December, January) the selling price went through a devaluation of -13 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from S$ 142,281.25 to S$ 125,507.5 during February and March.
The average price for Mitsubishi has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2005 to 2018, the average price was S$ 67,376.75. Please take note of of the significant depreciation in the prices between 2005 (S$ 107,975) and 2018 (S$ 75,948). During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 57 %. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of S$ 111,054.75 in 2021 and S$ 116,342 during 2023.
The graph that displays the price for Mitsubishi 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 54 % more affordable than the average price (S$ 118,407). Next with a price of S$ 64,785 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 14% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at S$ 91,330.