Chevrolet Aveo 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 Chevrolet Aveo cars has had a strong depreciation during the last 6 months we have studied. The average price in May was of ₹ 35.01 lakhs. This price hardly went through any changes and remained at ₹ 36.01 lakhs during June. The following two months the selling price went through a strong reduction of -59 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -94 % compared to the 4 previous average values going down from ₹ 25.02 lakhs to ₹ 1.56 lakhs.
The average price for Chevrolet Aveo has had a strong rise in recent years. Between 2006 and 2007, the average price is ₹ 1.17 lakhs. There was a significant inflation of the average price in 2006 (₹ 1.01 lakhs) moving up till (₹ 1.33 lakhs)in 2007. During the next two years (2008, 2009) the price for the aforementioned model has gone up strongly a 6689 %. During the last two years, the car industry has had a strong deflation in its selling prices of -96 % 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 (₹ 40.49 lakhs) and the the last two years (2010, 2011) with a price of ₹ 1.66 lakhs.
The graph that displays the price for Chevrolet Aveo cars according to their mileage shows that those cars within a mileage range of "10,000 - 25,000" are the ones with the lowest price. They are 16 % more affordable than the average price (₹ 1.57 lakhs). Next with a price of ₹ 1.38 lakhs and a mileage range of "50,000 - 1,00,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 14% more costly than the average market value followed by those vehicles with a mileage of "1,00,000 - 2,00,000" and a price of ₹ 1.6 lakhs.