eCRP 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 eCRP cars have remained constant in the last 6 months. In January the price for a car is R 142 486 increasing till R 154 762 in February. The average selling price has remained fairly constant during the following two months, going from R 148 624 to R 148 405. In the last two, the price has gone through a -13 % devaluation compared to the previous average values going down from R 148 514,5 to R 129 869,5 during May and June.
The average price for eCRP has had a strong rise in recent years. Between 2006 and 2015, the average price is R 92 670,5. There was a significant inflation of the average price in 2006 (R 54 000) moving up till (R 142 286)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 64 %. During the last two years, prices in the car industry have gone through a strong rise of 22 % 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 (R 193 819,5) and the the last two years that have been analyzed (2020, 2021) with a price of R 235 632,5.
The graph that displays the price for eCRP 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 47 % more affordable than the average price (R 133 264). Next with a price of R 89 071 and a mileage range of "100 000 - 200 000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10 000". It is 8% less expensive than the average market value followed by those cars with a mileage of "50 000 - 100 000" priced at R 113 900.