Honda 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 Honda cars has had a strong depreciation during the last 6 months we have studied. In September the average price per vehicle is ₹ 55.23 lakhs. During October the price went trough a strong deflation till ₹ 20.18 lakhs. The following two months the selling price went through a strong reduction of -44 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -20 % compared to the 4 previous average values going down from ₹ 29.45 lakhs to ₹ 23.64 lakhs.
The average price for Honda has had a strong rise in recent years. Between 2002 and 2018, the average price is ₹ 19.74 lakhs. There was a significant inflation of the average price in 2002 (₹ 1.9 lakhs) moving up till (₹ 10.89 lakhs)in 2018. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -24 % compared to the previous period. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₹ 14.43 lakhs in 2021 and ₹ 13.8 lakhs during 2022.
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 83 % more affordable than the average price (₹ 22.27 lakhs). Next with a price of ₹ 7.13 lakhs and a mileage range of "1,00,000 - 2,00,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 23% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₹ 15.95 lakhs.
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 85 % less expensive than the average market price (₹ 22.27 lakhs) followed by "Diesel" priced at ₹ 13.99 lakhs. On average the cheapest type of fuel is "Petrol". It´s price is 16 % more affordable than the average market value followed by "Diesel" with a price of ₹ 13.99 lakhs.
The graph displaying the average price for vehicles with doors shows that Honda automobiles with the cheapest price have 4 doors. They are 89 % cheaper than the average price for this model priced at ₹ 2.5 lakhs. Cars with the lowest price have 5 doors and are 84 % cheaper than the average previously displayed.