Ford Ikon 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 Ford Ikon cars have remained constant in the last 6 months. In May the price for a car is R 82 083 increasing till R 86 292 in June. The average selling price has remained fairly constant during the following two months, going from R 84 187,5 to R 87 130,5. In the last two, the price has gone through a -6 % devaluation compared to the previous average values going down from R 85 659 to R 80 458,5 during September and October.
The average price for Ford Ikon has become more expensive in recent years. Between 2004 and 2011, the average price is R 60 842. There was a significant inflation of the average price in 2004 (R 62 181) moving up till (R 83 642)in 2011. During the next two years (2012, 2013), the average price went up 10 % moving from !PRECIO1! to R 66 890, During the last two years, prices in the car industry have gone up 12 % 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 75 603) and the the last two years that were studied (2014, 2015) with a price of R 84 316.
The graph that displays the price for Ford Ikon 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 42 % more affordable than the average price (R 79 495). Next with a price of R 54 199 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 3% more costly than the average market value followed by those vehicles with a mileage of "100 000 - 200 000" and a price of R 77 090.