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. In March the average price per vehicle is ₹ 32.39 lakhs. During April the price went trough a strong deflation till ₹ 19.91 lakhs. During the following two months (May, June) the average selling price rose somewhat going from ₹ 26.15 lakhs to ₹ 28.76 lakhs. In the last two, the price has gone through a -13 % devaluation compared to the previous average values going down from ₹ 27.46 lakhs to ₹ 23.77 lakhs during July and August.
The average price for Ford Ikon has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2000 to 2006, the average price was ₹ 29 lakhs. Please take note of of the significant depreciation in the prices between 2000 (₹ 60.6 lakhs) and 2006 (₹ 33.06 lakhs). During the next two years (2007, 2008) the price for the aforementioned model has gone up strongly a 18 %. During the last two years, prices in the car industry have gone through a strong rise of 37 % 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 (₹ 54.36 lakhs) and the the last two years that have been analyzed (2009, 2010) with a price of ₹ 74.6 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 95 % more affordable than the average price (₹ 28.81 lakhs). Next with a price of ₹ 26.02 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 61% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 1,00,000" and a price of ₹ 29.35 lakhs.
The graph showing the average price for the fuel type for Ford Ikon cars points out to "Petrol" as being the cheapest fuel type. It is 97 % less expensive than the average market price (₹ 28.81 lakhs) followed by "Diesel" priced at ₹ 1.21 lakhs. On average the cheapest type of fuel is "Diesel". It´s price is 96 % more affordable than the average market value followed by "Petrol" with a price of ₹ 94,206.