Price for Mini Hatch
Mini Hatch Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Mini Hatch cars has fallen during the last 6 months we have analyzed. The average price for October is R 215 421. During November there was a slight reduction in the selling prices dropping till R 189 800. The average selling price has remained fairly constant during the following two months, going from R 202 610,5 to R 212 380,5. During the last couple of months, the average price has hardly changed, remaining the same going from R 207 495,5 to R 201 308,5 during February and March.
The average price for Mini Hatch has had a strong rise in recent years. Between 2010 and 2018, the average price is R 159 616,72. There was a significant inflation of the average price in 2010 (R 133 615) moving up till (R 229 081)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 107 %. During the last two years, prices in the car industry have gone up 8 % 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 360 032,5) and the the last two years that were studied (2021, 2023) with a price of R 390 421,5.
The graph that displays the price for Mini Hatch 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 42 % more affordable than the average price (R 213 544). Next with a price of R 159 201 and a mileage range of "100 000 - 200 000" we would see the following vehicles. The mileage range for the most expensive cars is "25 000 - 50 000". It is 98% more costly than the average market value followed by those vehicles with a mileage of "10 000 - 25 000" and a price of R 392 625.
