Price for BMW M3
BMW M3 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 M3 cars has fallen during the last 6 months we have analyzed. The average price for October is R 501 811. During November there was a slight reduction in the selling prices dropping till R 455 345. During the following two months (December, January) the average selling price rose somewhat going from R 478 578 to R 545 661. In the last two months, the price has gone through a strong devaluation of -18 % compared to the 4 previous average values going down from R 512 119,5 to R 417 409,5.
The average price for BMW M3 has gone through a significant depreciation in recent years. Between 2002 and 2004, the average price is R 599 808,69. There was a significant inflation of the average price in 2002 (R 579 995) moving up till (R 991 133)in 2004. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -56 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 25 % 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 351 969,25) and the the last two years that have been analyzed (2015, 2017) with a price of R 440 481,5.
The graph that displays the price for BMW M3 cars according to their mileage shows that those cars within a mileage range of "less than 10 000" are the ones with the lowest price. They are 51 % more affordable than the average price (R 417 555). Next with a price of R 436 370 and a mileage range of "100 000 - 200 000" we would see the following vehicles. The mileage range for the most expensive cars is "10 000 - 25 000". It is 350% more costly than the average market value followed by those vehicles with a mileage of "25 000 - 50 000" and a price of R 1 119 737.
The graph showing the average price for the fuel type for BMW M3 cars points out to "Diesel" as being the cheapest fuel type. It is 72 % less expensive than the average market price (R 417 555) followed by "Petrol" priced at R 1 436 996. On average the most expensive type of fuel is "Petrol". It´s price is 244 % higher than the average market price followed by "Diesel" which costs R 118 983.
