Honda Accord Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Honda Accord cars have increased during the last 6 months. The average price for September is ₹ 5.25 lakhs. During October there was a slight reduction in the selling prices dropping till ₹ 4.98 lakhs. During the following two months (November, December) the average selling price experienced a noticeable rise, going up 38 % from ₹ 5.12 lakhs to ₹ 7.05 lakhs. In the last two months, the price has gone through a strong devaluation of -16 % compared to the 4 previous average values going down from ₹ 6.08 lakhs to ₹ 5.08 lakhs.
The average price for Honda Accord has had a strong rise in recent years. Between 2002 and 2009, the average price is ₹ 2.69 lakhs. There was a significant inflation of the average price in 2002 (₹ 1.67 lakhs) moving up till (₹ 3.25 lakhs)in 2009. During the next two years (2010, 2011) the price for the aforementioned model has gone up strongly a 72 %. During the last two years, prices in the car industry have gone up 11 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (₹ 5.22 lakhs) and the the last two years that were studied (2012, 2013) with a price of ₹ 5.81 lakhs.
The graph that displays the price for Honda Accord 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 41 % more affordable than the average price (₹ 5.22 lakhs). Next with a price of ₹ 4.02 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 24% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 1,00,000" and a price of ₹ 4.99 lakhs.