Ford Ikon 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 Ikon cars has had a strong depreciation during the last 6 months we have studied. The average price for November is ₹ 60.47 lakhs. During December there was a slight reduction in the selling prices dropping till ₹ 53.35 lakhs. The following two months the selling price went through a strong reduction of -29 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -46 % compared to the 4 previous average values going down from ₹ 48.74 lakhs to ₹ 26.15 lakhs.
The average price for Ford Ikon has had a strong rise in recent years. Between 2000 and 2007, the average price is ₹ 3.84 lakhs. There was a significant inflation of the average price in 2000 (₹ 64,750) moving up till (₹ 94,438)in 2007. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -63 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 63 % 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 (₹ 3.8 lakhs) and the the last two years that have been analyzed (2010, 2011) with a price of ₹ 6.17 lakhs.
The graph that displays the price for Ford Ikon 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 96 % more affordable than the average price (₹ 19.91 lakhs). Next with a price of ₹ 96,370 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 1,00,000". It is 63% less expensive than the average market value followed by those cars with a mileage of "1,00,000 - 2,00,000" priced at ₹ 1.57 lakhs.
The graph showing the average price for the fuel type for Ford Ikon cars points out to "LPG" as being the cheapest fuel type. It is 97 % less expensive than the average market price (₹ 19.91 lakhs) followed by "Hybrid" priced at ₹ 85,833. On average the cheapest type of fuel is "Diesel". It´s price is 93 % more affordable than the average market value followed by "Petrol" with a price of ₹ 1.02 lakhs.