Chevrolet Cruze 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 Cruze cars has had a strong depreciation during the last 6 months we have studied. In November the average price per vehicle is ₹ 1.46 crores. During December the price went trough a strong deflation till ₹ 99.29 lakhs. The following two months the selling price went through a strong reduction of -46 % compared to the previous two months studied. During the last couple of months, the average price has hardly changed, remaining the same going from ₹ 94.65 lakhs to ₹ 96.21 lakhs during March and April.
The average price for Chevrolet Cruze has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2009 to 2013, the average price was ₹ 1.2 crores. Please take note of of the significant depreciation in the prices between 2009 (₹ 2.01 crores) and 2013 (₹ 57.55 lakhs). Cars belonging to the model aforementioned had a price deflation of -15 percent in the next two years (2014, 2015) compared to the previous two years. During the last two years, the car industry has had a strong deflation in its selling prices of -86 % 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 (₹ 55.19 lakhs) and the the last two years (2016, 2017) with a price of ₹ 7.92 lakhs.
The graph that displays the price for Chevrolet Cruze cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 94 % more affordable than the average price (₹ 1.09 crores). Next with a price of ₹ 53.67 lakhs and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "1,00,000 - 2,00,000". It is 74% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 1,00,000" and a price of ₹ 79.13 lakhs.