Land Rover Range Rover Sport 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 Range Rover Sport cars has had a strong depreciation during the last 6 months we have studied. The average price in February was of R 1 085 136. This price hardly went through any changes and remained at R 1 042 388 during March. The following two months the selling price went through a strong reduction of -16 % compared to the previous two months studied. In the last two, the price has gone through a -11 % devaluation compared to the previous average values going down from R 977 148,75 to R 866 008,5 during June and July.
The average price for Land Rover Range Rover Sport has had a strong rise in recent years. Between 2007 and 2016, the average price is R 393 690,22. There was a significant inflation of the average price in 2007 (R 122 000) moving up till (R 751 133)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 179 %. 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 1 471 896,25) and the the last two years that have been analyzed (2019, 2020) with a price of R 1 844 886,5.
The graph that displays the price for Land Rover Range Rover Sport cars according to their mileage shows that those cars within a mileage range of "100 000 - 200 000" are the ones with the lowest price. They are 70 % more affordable than the average price (R 944 355). Next with a price of R 688 416 and a mileage range of "50 000 - 100 000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10 000". It is 96% more costly than the average market value followed by those vehicles with a mileage of "10 000 - 25 000" and a price of R 1 538 866.
The graph showing the average price for the fuel type for Land Rover Range Rover Sport cars points out to "Diesel" as being the cheapest fuel type. It is 13 % less expensive than the average market price (R 944 355) followed by "Petrol" priced at R 841 542. On average the cheapest type of fuel is "Petrol". It´s price is 11 % more affordable than the average market value followed by "Diesel" with a price of R 822 791.