Price for Mini Convertible
Mini Convertible 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 Mini Convertible cars has had a strong depreciation during the last 6 months we have studied. The average price in June was of R 281 838. This price hardly went through any changes and remained at R 292 913 during July. The following two months the selling price went through a strong reduction of -25 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -26 % compared to the 4 previous average values going down from R 251 099 to R 185 725.
The average price for Mini Convertible has had a strong rise in recent years. Between 2009 and 2019, the average price is R 228 633. There was a significant inflation of the average price in 2009 (R 105 400) moving up till (R 312 932)in 2019.
The graph that displays the price for Mini Convertible cars according to their mileage shows that those cars within a mileage range of "50 000 - 100 000" are the ones with the lowest price. They are 36 % more affordable than the average price (R 185 106). Next with a price of R 316 750 and a mileage range of "25 000 - 50 000" we would see the following vehicles. The mileage range for the most expensive cars is "25 000 - 50 000". It is 71% more costly than the average market value followed by those vehicles with a mileage of "50 000 - 100 000" and a price of R 119 329.
