Land Rover Range Rover Sport Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Land Rover Range Rover Sport cars have gone through a strong rise during the last 6 months. During the first month analyzed in September the average price was R 618 801. October went through a strong inflation with a rise in the price till R 714 334. During the following two months (November, December) the average selling price experienced a noticeable rise, going up 22 % from R 666 567,5 to R 814 742,5. In the last two, the price has gone through a -13 % devaluation compared to the previous average values going down from R 740 655 to R 643 384,5 during January and February.
The average price for Land Rover Range Rover Sport has had a strong rise in recent years. Between 2008 and 2019, the average price is R 386 007,84. There was a significant inflation of the average price in 2008 (R 174 980) moving up till (R 713 550)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 112 %. During the last two years, prices in the car industry have experienced a depreciation of -7 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (R 769 107,25) and the the last two years analyzed (2022, 2023) with a price of R 717 982,5.
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 "less than 10 000" are the ones with the lowest price. They are 78 % more affordable than the average price (R 636 451). Next with a price of R 147 108 and a mileage range of "more than 200 000" we would see the following vehicles. The mileage range for the most expensive cars is "10 000 - 25 000". It is 204% more costly than the average market value followed by those vehicles with a mileage of "25 000 - 50 000" and a price of R 1 373 056.
The graph showing the average price for the fuel type for Land Rover Range Rover Sport cars points out to "Petrol" as being the cheapest fuel type. It is 24 % less expensive than the average market price (R 636 451) followed by "Diesel" priced at R 620 215. On average the cheapest type of fuel is "Diesel". It´s price is 3 % more affordable than the average market value followed by "Petrol" with a price of R 480 736.