BMW 7 Series 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 BMW 7 Series cars has fallen during the last 6 months we have analyzed. The average price in October was of S$ 199,945. This price hardly went through any changes and remained at S$ 201,303 during November. The following two months (December, January) the selling price went through a devaluation of -12 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -16 % compared to the 4 previous average values going down from S$ 188,185 to S$ 158,002.
The average price for BMW 7 Series has had a strong rise in recent years. Between 2009 and 2017, the average price is S$ 114,728.38. There was a significant inflation of the average price in 2009 (S$ 18,000) moving up till (S$ 163,797)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 86 %. 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$ 254,738.5) and the the last two years that have been analyzed (2020, 2021) with a price of S$ 296,561.
The graph that displays the price for BMW 7 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 22 % more affordable than the average price (S$ 153,997). Next with a price of S$ 151,273 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 100% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of S$ 224,000.