Honda Jazz 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 Honda Jazz cars has had a strong depreciation during the last 6 months we have studied. The average price for September is R 170 172. During October there was a slight reduction in the selling prices dropping till R 152 857. The following two months (November, December) the selling price went through a devaluation of -9 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -29 % compared to the 4 previous average values going down from R 154 249,5 to R 110 134.
The average price for Honda Jazz has had a strong rise in recent years. Between 2004 and 2016, the average price is R 92 834,7. There was a significant inflation of the average price in 2004 (R 69 300) moving up till (R 162 099)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 59 %. During the last two years, prices in the car industry have gone up 10 % 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 164 356,25) and the the last two years that were studied (2019, 2021) with a price of R 180 781,5.
The graph that displays the price for Honda Jazz 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 52 % more affordable than the average price (R 110 672). Next with a price of R 79 709 and a mileage range of "more than 200 000" we would see the following vehicles. The mileage range for the most expensive cars is "25 000 - 50 000". It is 77% more costly than the average market value followed by those vehicles with a mileage of "50 000 - 100 000" and a price of R 105 830.