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 May is S$ 88,265. During June there was a slight reduction in the selling prices dropping till S$ 79,470. During the following two months (July, August) the average selling price experienced a noticeable rise, going up 15 % from S$ 83,867.5 to S$ 96,573.5. The average price has had spectacular rise of 45 % with an average price of S$ 90,220.5 during the previous 4 months and S$ 130,508 during the most recent months in September and October.
The average price for BMW 5 Series has had a strong rise in recent years. Between 2008 and 2014, the average price is S$ 75,421.86. There was a significant inflation of the average price in 2008 (S$ 63,525) moving up till (S$ 114,561)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 60 %. During the last two years, prices in the car industry have gone through a strong rise of 25 % 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$ 161,572.5) and the the last two years that have been analyzed (2017, 2018) with a price of S$ 202,341.5.
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 61 % more affordable than the average price (S$ 159,426). Next with a price of S$ 90,082 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 19% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of S$ 145,554.
