BMW 318i 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 BMW 318i cars have gone through a strong rise during the last 6 months. In June the price for a car is R 257 583 increasing till R 284 935 in July. During the following two months (August, September) the average selling price experienced a noticeable rise, going up 23 % from R 271 259 to R 333 039. During the last couple of months, the average price has hardly changed, remaining the same going from R 302 149 to R 301 714,5 during October and November.
The average price for BMW 318i has had a strong rise in recent years. Between 2000 and 2017, the average price is R 142 790,59. There was a significant inflation of the average price in 2000 (R 48 975) moving up till (R 286 718)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 143 %. During the last two years, prices in the car industry have gone through a strong rise of 32 % 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 508 383,5) and the the last two years that have been analyzed (2020, 2021) with a price of R 669 885.
The graph that displays the price for BMW 318i 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 81 % more affordable than the average price (R 277 707). Next with a price of R 231 960 and a mileage range of "100 000 - 200 000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10 000". It is 94% more costly than the average market value followed by those vehicles with a mileage of "10 000 - 25 000" and a price of R 523 098.