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 in October was of ₹ 9 crores. This price hardly went through any changes and remained at ₹ 8.65 crores during November. The average selling price has remained fairly constant during the following two months, going from ₹ 8.83 crores to ₹ 8.5 crores. During the last couple of months, the average price has hardly changed, remaining the same going from ₹ 8.67 crores to ₹ 8.25 crores during February and March.
The average price for Honda has had a strong rise in recent years. Between "before 2000" and 2017, the average price is ₹ 1.51 crores. There was a significant inflation of the average price in "before 2000" (₹ 1.12 lakhs) moving up till (₹ 4.53 crores)in 2017. During the next two years the average price(₹ 1.45 crores) has hardly changed, remaining at a constant value compared to the previous period. 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 (₹ 1.36 crores) and the the last two years analyzed (2020, 2021) with a price of ₹ 1.26 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 96 % more affordable than the average price (₹ 8.29 crores). Next with a price of ₹ 64.37 lakhs 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 15% less expensive than the average market value followed by those cars with a mileage of "50,000 - 1,00,000" priced at ₹ 6.44 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 (₹ 8.29 crores) followed by "Hybrid" priced at ₹ 3.13 lakhs. On average the cheapest type of fuel is "Petrol". It´s price is 21 % more affordable than the average market value followed by "Diesel" with a price of ₹ 5.4 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 ₹ 3.64 lakhs. Cars with the lowest price have 5 doors and are 100 % cheaper than the average previously displayed.