Ford Figo 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 Ford Figo cars has had a strong depreciation during the last 6 months we have studied. In April the average price per vehicle is ₹ 6.17 crores. During May the price went trough a strong deflation till ₹ 3.2 crores. The following two months the selling price went through a strong reduction of -16 % compared to the previous two months studied. The average price has risen 14 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₹ 4.93 crores) during August and September.
The average price for Ford Figo has had a strong rise in recent years. During the first sample analyzed, going from 2008 to 2015, the average price was ₹ 1.06 crores. Please take note of of the significant depreciation in the prices between 2008 (₹ 1.17 crores) and 2015 (₹ 38.55 lakhs). During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 40 %. During the last two years, prices in the car industry have gone through a strong rise of 42 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (₹ 2.57 crores) and the the last two years that have been analyzed (2018, 2019) with a price of ₹ 3.66 crores.
The graph that displays the price for Ford Figo 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 100 % more affordable than the average price (₹ 5.08 crores). Next with a price of ₹ 50.84 lakhs and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 1,00,000". It is 36% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₹ 2.49 crores.
The graph showing the average price for the fuel type for Ford Figo cars points out to "Hybrid" as being the cheapest fuel type. It is 100 % less expensive than the average market price (₹ 5.08 crores) followed by "Diesel" priced at ₹ 1.42 crores. On average the cheapest type of fuel is "Petrol". It´s price is 12 % more affordable than the average market value followed by "Diesel" with a price of ₹ 1.42 crores.