BMW 116i 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 BMW 116i cars has fallen during the last 6 months we have analyzed. The average price for February is R 158 145. During March there was a slight reduction in the selling prices dropping till R 144 958. The average selling price has remained fairly constant during the following two months, going from R 151 551,5 to R 146 625,5. During the last couple of months, the average price has hardly changed, remaining the same going from R 149 088,5 to R 144 632,5 during June and July.
The average price for BMW 116i has had a strong rise in recent years. Between 2006 and 2011, the average price is R 92 090. There was a significant inflation of the average price in 2006 (R 75 983) moving up till (R 120 357)in 2011. During the next two years (2012, 2013) the price for the aforementioned model has gone up strongly a 64 %. During the last two years, prices in the car industry have gone up 8 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (R 163 638) and the the last two years that were studied (2014, 2015) with a price of R 175 939,5.
The graph that displays the price for BMW 116i 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 31 % more affordable than the average price (R 142 148). Next with a price of R 101 918 and a mileage range of "less than 10 000" we would see the following vehicles. The mileage range for the most expensive cars is "50 000 - 100 000". It is 18% more costly than the average market value followed by those vehicles with a mileage of "100 000 - 200 000" and a price of R 148 545.