Mitsubishi Lancer 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 Mitsubishi Lancer cars has fallen during the last 6 months we have analyzed. The average price in June was of S$ 63,253. This price hardly went through any changes and remained at S$ 62,862 during July. The following two months (August, September) the selling price went through a devaluation of -11 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -8 % devaluation compared to the previous average values going down from S$ 59,458 to S$ 54,565 during October and November.
The average price for Mitsubishi Lancer has had a strong rise in recent years. During the first sample analyzed, going from 2006 to 2010, the average price was S$ 43,347.6. Please take note of of the significant depreciation in the prices between 2006 (S$ 37,000) and 2010 (S$ 26,780). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -26 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 24 % 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$ 42,478.5) and the the last two years that have been analyzed (2016, 2017) with a price of S$ 52,839.
The graph that displays the price for Mitsubishi Lancer cars according to their mileage shows that those cars within a mileage range of "10,000 - 25,000" are the ones with the lowest price. They are 38 % more affordable than the average price (S$ 54,671). Next with a price of S$ 43,788 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "more than 200,000". It is 0% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of S$ 51,607.