Honda Accord 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 Honda Accord cars has had a strong depreciation during the last 6 months we have studied. In May the average price per vehicle is ₹ 28.21 lakhs. During June the price went trough a strong deflation till ₹ 5.85 lakhs. The following two months the selling price went through a strong reduction of -69 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -54 % compared to the 4 previous average values going down from ₹ 11.2 lakhs to ₹ 5.12 lakhs.
The average price for Honda Accord has had a strong rise in recent years. Between 2004 and 2009, the average price is ₹ 2.87 lakhs. There was a significant inflation of the average price in 2004 (₹ 2.26 lakhs) moving up till (₹ 3.51 lakhs)in 2009. During the next two years (2010, 2011) the price for the aforementioned model has gone up strongly a 45 %. During the last two years, prices in the car industry have gone through a strong rise of 16 % 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 (₹ 4.92 lakhs) and the the last two years that have been analyzed (2012, 2013) with a price of ₹ 5.69 lakhs.
The graph that displays the price for Honda Accord 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 43 % more affordable than the average price (₹ 4.98 lakhs). Next with a price of ₹ 3.07 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 7% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₹ 4.32 lakhs.