Rhino Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for Rhino cars have remained constant in the last 6 months. The average price in November was of S$ 98,312. This price hardly went through any changes and remained at S$ 97,560 during December. The average selling price has remained fairly constant during the following two months, going from S$ 97,936 to S$ 96,282. In the last two, the price has gone through a -9 % devaluation compared to the previous average values going down from S$ 97,109 to S$ 88,573 during March and April.
The average price for Rhino has had a strong rise in recent years. Between 2013 and 2019, the average price is S$ 79,149.43. There was a significant inflation of the average price in 2013 (S$ 66,960) moving up till (S$ 101,800)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 79 %. During the last two years, prices in the car industry have experienced a depreciation of -10 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (S$ 128,279) and the the last two years analyzed (2022, 2023) with a price of S$ 114,974.5.
The graph that displays the price for Rhino 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 27 % more affordable than the average price (S$ 93,965). Next with a price of S$ 94,232 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 58% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of S$ 94,232.