Honda Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Honda cars have gone through a strong rise during the last 6 months. In September the price for a car is ₹ 10.83 lakhs increasing till ₹ 11.41 lakhs in October. During the following two months (November, December) the average selling price experienced a noticeable rise, going up 20 % from ₹ 11.12 lakhs to ₹ 13.39 lakhs. The average price has risen 10 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₹ 13.49 lakhs) during January and February.
The average price for Honda has had a strong rise in recent years. Between 2004 and 2019, the average price is ₹ 3.43 lakhs. There was a significant inflation of the average price in 2004 (₹ 2.21 lakhs) moving up till (₹ 3.39 lakhs)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 27 %. During the last two years the price has remained constant with regard to the previous 4 years, going from an average price of ₹ 4.31 lakhs in 2022 and ₹ 4.28 lakhs during 2023.
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 (₹ 13.4 lakhs). Next with a price of ₹ 2.4 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 "less than 10,000". It is 4% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₹ 6.45 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 80 % less expensive than the average market price (₹ 13.4 lakhs) followed by "CNG" priced at ₹ 2.85 lakhs. On average the cheapest type of fuel is "Petrol". It´s price is 46 % more affordable than the average market value followed by "CNG" with a price of ₹ 2.85 lakhs.
The graph displaying the average price for vehicles with doors shows that Honda automobiles with the cheapest price have 5 doors. They are 46 % cheaper than the average price for this model priced at ₹ 7.25 lakhs. Cars with the lowest price have 4 doors and are 45 % cheaper than the average previously displayed.