Honda 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 Honda cars has fallen during the last 6 months we have analyzed. The average price for April is ₹ 9.38 crores. During May there was a slight reduction in the selling prices dropping till ₹ 8.64 crores. The average selling price has remained fairly constant during the following two months, going from ₹ 9.01 crores to ₹ 8.98 crores. During the last couple of months, the average price has hardly changed, remaining the same going from ₹ 9 crores to ₹ 8.91 crores during August and September.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2016, the average price is ₹ 2.28 crores. There was a significant inflation of the average price in "before 2000" (₹ 1.04 lakhs) moving up till (₹ 6.71 crores)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 163 %. During the last two years, the car industry has had a strong deflation in its selling prices of -71 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₹ 3.5 crores) and the the last two years (2019, 2020) with a price of ₹ 1.01 crores.
The graph that displays the price for Honda cars according to their mileage shows that those cars within a mileage range of "more than 2,00,000" are the ones with the lowest price. They are 92 % more affordable than the average price (₹ 8.91 crores). Next with a price of ₹ 3.08 crores and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 14% less expensive than the average market value followed by those cars with a mileage of "50,000 - 1,00,000" priced at ₹ 7.09 crores.
The graph showing the average price for the fuel type for Honda cars points out to "CNG" as being the cheapest fuel type. It is 100 % less expensive than the average market price (₹ 8.91 crores) followed by "Hybrid" priced at ₹ 2.9 lakhs. On average the cheapest type of fuel is "Diesel". It´s price is 19 % more affordable than the average market value followed by "Petrol" with a price of ₹ 7.06 crores.
The graph displaying the average price for vehicles with doors shows that Honda automobiles with the cheapest price have 4 doors. They are 100 % cheaper than the average price for this model priced at ₹ 3.53 lakhs. Cars with the lowest price have 5 doors and are 100 % cheaper than the average previously displayed.