Mitsubishi Lancer 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 Mitsubishi Lancer cars have gone through a strong rise during the last 6 months. In July the price for a car is S$ 31,330 increasing till S$ 33,157 in August. During the following two months (September, October) the average selling price experienced a noticeable rise, going up 17 % from S$ 32,243.5 to S$ 37,612. The average price has had spectacular rise of 20 % with an average price of S$ 34,927.75 during the previous 4 months and S$ 41,787 during the most recent months in November and December.
The average price for Mitsubishi Lancer has gone through a significant depreciation in recent years. During the first sample analyzed, going from "before 2000" to 2009, the average price was S$ 31,958.8. Please take note of of the significant depreciation in the prices between "before 2000" (S$ 47,440) and 2009 (S$ 30,928). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -22 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 40 % 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$ 41,621) and the the last two years that have been analyzed (2015, 2016) with a price of S$ 58,209.5.
The graph that displays the price for Mitsubishi Lancer cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 30 % more affordable than the average price (S$ 40,854). Next with a price of S$ 30,655 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 53% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of S$ 45,526.