BMW 7 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 7 Series cars have gone through a strong rise during the last 6 months. During the first month analyzed in July the average price was S$ 89,432. August went through a strong inflation with a rise in the price till S$ 205,644. The average selling price has remained fairly constant during the following two months, going from S$ 147,538 to S$ 150,667. In the last two months, the price has gone through a strong devaluation of -20 % compared to the 4 previous average values going down from S$ 149,102.5 to S$ 118,978.5.
The average price for BMW 7 Series has had a strong rise in recent years. Between 2009 and 2014, the average price is S$ 104,452.5. There was a significant inflation of the average price in 2009 (S$ 83,822) moving up till (S$ 153,367)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 106 %. 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$ 257,003.25) and the the last two years that have been analyzed (2017, 2018) with a price of S$ 298,451.5.
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 30 % more affordable than the average price (S$ 119,722). Next with a price of S$ 86,072 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 81% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of S$ 193,980.