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 in September was of R 225 728. This price hardly went through any changes and remained at R 215 421 during October. The following two months (November, December) the selling price went through a devaluation of -10 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from R 209 355 to R 203 681,5 during January and February.
The average price for Mini hatch has had a strong rise in recent years. Between 2007 and 2018, the average price is R 143 666,78. There was a significant inflation of the average price in 2007 (R 73 233) moving up till (R 236 243)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 116 %. During the last two years, prices in the car industry have gone up 12 % 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 352 105) and the the last two years that were studied (2021, 2022) with a price of R 394 044.
The graph that displays the price for Mini hatch 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 73 % more affordable than the average price (R 189 073). Next with a price of R 95 374 and a mileage range of "less than 10 000" we would see the following vehicles. The mileage range for the most expensive cars is "25 000 - 50 000". It is 118% more costly than the average market value followed by those vehicles with a mileage of "10 000 - 25 000" and a price of R 394 375.