Price for BMW 7 Series
BMW 7 Series 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 BMW 7 Series cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is R 453 775. During November the price went trough a strong deflation till R 354 427. The following two months (December, January) the selling price went through a devaluation of -13 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -10 % devaluation compared to the previous average values going down from R 377 780 to R 338 328,5 during February and March.
The average price for BMW 7 Series has had a strong rise in recent years. Between 2006 and 2011, the average price is R 141 149,5. There was a significant inflation of the average price in 2006 (R 69 000) moving up till (R 278 298)in 2011. During the next two years (2013, 2015) the price for the aforementioned model has gone up strongly a 139 %. During the last two years, prices in the car industry have gone through a strong rise of 27 % 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 463 059) and the the last two years that have been analyzed (2016, 2017) with a price of R 588 335.
The graph that displays the price for BMW 7 Series 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 26 % more affordable than the average price (R 245 556). Next with a price of R 214 799 and a mileage range of "100 000 - 200 000" we would see the following vehicles. The mileage range for the most expensive cars is "50 000 - 100 000". It is 59% more costly than the average market value followed by those vehicles with a mileage of "less than 10 000" and a price of R 276 444.
The graph showing the average price for the fuel type for BMW 7 Series cars marks "Diesel" as the most costly fuel type. It is 32 % more expensive than the average market price (R 245 556) followed by "Petrol" priced at R 735 111. On average the most expensive type of fuel is "Petrol". It´s price is 199 % higher than the average market price followed by "Diesel" which costs R 323 800.
