Price for BMW 5 Series
BMW 5 Series Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for BMW 5 Series cars have gone through a strong rise during the last 6 months. The average price for August is S$ 110,167. During September there was a slight reduction in the selling prices dropping till S$ 101,590. During the following two months (October, November) the average selling price experienced a noticeable rise, going up 47 % from S$ 105,878.5 to S$ 155,993. The average price has had spectacular rise of 21 % with an average price of S$ 130,935.75 during the previous 4 months and S$ 157,886.5 during the most recent months in December and January.
The average price for BMW 5 Series has had a strong rise in recent years. Between 2006 and 2015, the average price is S$ 72,336.1. There was a significant inflation of the average price in 2006 (S$ 37,829) moving up till (S$ 109,713)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 122 %. 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$ 192,647.5) and the the last two years that have been analyzed (2018, 2019) with a price of S$ 224,714.
The graph that displays the price for BMW 5 Series 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 57 % more affordable than the average price (S$ 157,375). Next with a price of S$ 79,371 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 34% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of S$ 146,226.
