Honda City Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for Honda City cars have remained constant in the last 6 months. The average price in October was of S$ 59,969. This price hardly went through any changes and remained at S$ 60,474 during November. The average selling price has remained fairly constant during the following two months, going from S$ 60,221.5 to S$ 61,142. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from S$ 60,681.75 to S$ 53,108 during February and March.
The average price for Honda City has had a strong rise in recent years. During the first sample analyzed, going from 2008 to 2015, the average price was S$ 33,490.33. Please take note of of the significant depreciation in the prices between 2008 (S$ 36,499) and 2015 (S$ 29,880). During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 48 %. During the last two years, prices in the car industry have gone through a strong rise of 20 % 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$ 61,691.25) and the the last two years that have been analyzed (2018, 2019) with a price of S$ 73,968.
The graph that displays the price for Honda City cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 14 % more affordable than the average price (S$ 50,339). Next with a price of S$ 44,711 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 10% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of S$ 54,629.