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 June is ₹ 13.09 lakhs. During July there was a slight reduction in the selling prices dropping till ₹ 12.24 lakhs. The following two months (August, September) 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 ₹ 12.05 lakhs to ₹ 12.51 lakhs during October and November.
The average price for Honda has had a strong rise in recent years. Between 2004 and 2018, the average price is ₹ 4.47 lakhs. There was a significant inflation of the average price in 2004 (₹ 3.09 lakhs) moving up till (₹ 8.66 lakhs)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 122 %. During the last two years, prices in the car industry have gone up 5 % 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 (₹ 10.48 lakhs) and the the last two years that were studied (2021, 2022) with a price of ₹ 11.01 lakhs.
The graph that displays the price for Honda cars according to their mileage shows that those cars within a mileage range of "1,00,000 - 2,00,000" are the ones with the lowest price. They are 83 % more affordable than the average price (₹ 13.6 lakhs). Next with a price of ₹ 4.35 lakhs and a mileage range of "more than 2,00,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 9% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₹ 8.24 lakhs.
The graph showing the average price for the fuel type for Honda cars points out to "Diesel" as being the cheapest fuel type. It is 88 % less expensive than the average market price (₹ 13.6 lakhs) followed by "Petrol" priced at ₹ 7.42 lakhs. On average the cheapest type of fuel is "Petrol". It´s price is 45 % more affordable than the average market value followed by "Diesel" with a price of ₹ 1.6 lakhs.
The graph displaying the average price for vehicles with doors shows that Honda automobiles with the cheapest price have 5 doors. They are 52 % cheaper than the average price for this model priced at ₹ 6.49 lakhs. Cars with the lowest price have 4 doors and are 43 % cheaper than the average previously displayed.