Price for Kia Rio
Kia Rio 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 Kia Rio cars have remained constant in the last 6 months. The average price in February was of R 323 005. This price hardly went through any changes and remained at R 318 446 during March. The average selling price has remained fairly constant during the following two months, going from R 320 725,5 to R 314 403. During the last couple of months, the average price has hardly changed, remaining the same going from R 317 564,25 to R 305 244,5 during June and July.
The average price for Kia Rio has had a strong rise in recent years. Between 2004 and 2018, the average price is R 106 982,86. There was a significant inflation of the average price in 2004 (R 32 633) moving up till (R 194 270)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 109 %. 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 255 025) and the the last two years that were studied (2021, 2022) with a price of R 286 808,5.
The graph that displays the price for Kia Rio 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 76 % more affordable than the average price (R 304 530). Next with a price of R 177 981 and a mileage range of "100 000 - 200 000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10 000". It is 5% less expensive than the average market value followed by those cars with a mileage of "10 000 - 25 000" priced at R 286 560.
The graph showing the average price for Kia Rio cars displays those with 4 doors as the cheapest ones. They are 56 % more affordable than the average price (R 304 530). These are followed by those with 3 doors with an average price of R 224 997. Cars with the lowest price have 5 doors and are 6 % cheaper than the average previously displayed.
