Chevrolet 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 Chevrolet cars has had a strong depreciation during the last 6 months we have studied. In September the average price per vehicle is R 331 684. During October the price went trough a strong deflation till R 271 646. The average selling price has remained fairly constant during the following two months, going from R 301 665 to R 286 803. In the last two, the price has gone through a -5 % devaluation compared to the previous average values going down from R 294 234 to R 278 173 during January and February.
The average price for Chevrolet has gone through a significant depreciation in recent years. Between 2005 y 2014, the average price is R 76 916,9. There was a price inflation going from (R 98 468) to (R 108 444). During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 39 %. During the last two years, prices in the car industry have experienced a depreciation of -7 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (R 99 851,5) and the the last two years analyzed (2017, 2018) with a price of R 93 120.
The graph that displays the price for Chevrolet 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 65 % more affordable than the average price (R 271 204). Next with a price of R 127 955 and a mileage range of "10 000 - 25 000" we would see the following vehicles. The mileage range for the most affordable cars is "50 000 - 100 000". It is 28% less expensive than the average market value followed by those cars with a mileage of "100 000 - 200 000" priced at R 190 081.
The graph showing the average price for the fuel type for Chevrolet cars points out to "Diesel" as being the cheapest fuel type. It is 48 % less expensive than the average market price (R 271 204) followed by "Petrol" priced at R 140 405. On average the cheapest type of fuel is "Petrol". It´s price is 48 % more affordable than the average market value followed by "Diesel" with a price of R 139 780.
The graph showing the average price for Chevrolet cars displays those with 4 doors as the cheapest ones. They are 67 % more affordable than the average price (R 271 204). These are followed by those with 2 doors with an average price of R 122 199. Cars with the lowest price have 5 doors and are 53 % cheaper than the average previously displayed.