BMW 7 Series Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.
The selling price for BMW 7 Series cars has had a strong depreciation during the last 6 months we have studied. The average price for January is S$ 133,690. During February there was a slight reduction in the selling prices dropping till S$ 124,876. The following two months (March, April) the selling price went through a devaluation of -9 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 -19 % compared to the 4 previous average values going down from S$ 123,554.25 to S$ 100,526.
The average price for BMW 7 Series has gone down in recent years. During the first sample analyzed (2010 - 2011), the average selling price stood at S$ 80,098. During this time, the price for 2010 which was S$ 83,163 decreased to S$ 77,033 during 2011.
The graph that displays the price for BMW 7 Series cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 3 % more affordable than the average price (S$ 89,432). Next with a price of S$ 90,574 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 1% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of S$ 87,150.