Ford Ikon Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Ford Ikon cars have gone through a strong rise during the last 6 months. During the first month analyzed in May the average price was ₹ 11.64 lakhs. June went through a strong inflation with a rise in the price till ₹ 18.7 lakhs. During the following two months (July, August) the average selling price experienced a noticeable rise, going up 133 % from ₹ 15.17 lakhs to ₹ 35.28 lakhs. The average price has had spectacular rise of 106 % with an average price of ₹ 25.23 lakhs during the previous 4 months and ₹ 51.85 lakhs during the most recent months in September and October.
The average price for Ford Ikon has had a strong rise in recent years. Between 2000 and 2008, the average price is ₹ 3.38 lakhs. There was a significant inflation of the average price in 2000 (₹ 65,000) moving up till (₹ 9.79 lakhs)in 2008. During the next two years (2009, 2010) the price for the aforementioned model has gone up strongly a 200 %. During the last two years, prices in the car industry have gone through a strong rise of 68 % 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 (₹ 32.01 lakhs) and the the last two years that have been analyzed (2011, 2014) with a price of ₹ 53.92 lakhs.
The graph that displays the price for Ford Ikon 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 98 % more affordable than the average price (₹ 56.42 lakhs). Next with a price of ₹ 1.79 lakhs and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 1,00,000". It is 55% less expensive than the average market value followed by those cars with a mileage of "more than 2,00,000" priced at ₹ 22.66 lakhs.
The graph showing the average price for the fuel type for Ford Ikon cars points out to "Hybrid" as being the cheapest fuel type. It is 99 % less expensive than the average market price (₹ 56.42 lakhs) followed by "LPG" priced at ₹ 83,400. On average the cheapest type of fuel is "Diesel". It´s price is 97 % more affordable than the average market value followed by "Petrol" with a price of ₹ 1.2 lakhs.