Land Rover Discovery 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 Land Rover Discovery cars has had a strong depreciation during the last 6 months we have studied. In November the average price per vehicle is R 1 011 623. During December the price went trough a strong deflation till R 609 818. The following two months the selling price went through a strong reduction of -52 % compared to the previous two months studied. The average price has had spectacular rise of 70 % with an average price of R 600 788,75 during the previous 4 months and R 1 022 495,5 during the most recent months in March and April.
The average price for Land Rover Discovery has had a strong rise in recent years. Between "before 2000" and 2017, the average price is R 232 160,92. There was a significant inflation of the average price in "before 2000" (R 47 700) moving up till (R 724 425)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 284 %. 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 1 187 824,25) and the the last two years that have been analyzed (2020, 2021) with a price of R 1 484 850.
The graph that displays the price for Land Rover Discovery 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 89 % more affordable than the average price (R 1 034 671). Next with a price of R 149 506 and a mileage range of "less than 10 000" we would see the following vehicles. The mileage range for the most expensive cars is "10 000 - 25 000". It is 69% more costly than the average market value followed by those vehicles with a mileage of "25 000 - 50 000" and a price of R 1 155 180.
The graph showing the average price for the fuel type for Land Rover Discovery cars points out to "Petrol" as being the cheapest fuel type. It is 71 % less expensive than the average market price (R 1 034 671) followed by "Diesel" priced at R 704 232. On average the cheapest type of fuel is "Diesel". It´s price is 32 % more affordable than the average market value followed by "Petrol" with a price of R 297 484.