Honda Accord 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 Honda Accord cars have gone through a strong rise during the last 6 months. During the first month analyzed in May the average price was ₹ 70.41 lakhs. June went through a strong inflation with a rise in the price till ₹ 1.28 crores. During the following two months (July, August) the average selling price experienced a noticeable rise, going up 124 % from ₹ 98.98 lakhs to ₹ 2.22 crores. The average price has had spectacular rise of 52 % with an average price of ₹ 1.6 crores during the previous 4 months and ₹ 2.43 crores during the most recent months in September and October.
The average price for Honda Accord has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2002 to 2013, the average price was ₹ 32.38 lakhs. Please take note of of the significant depreciation in the prices between 2002 (₹ 56.76 lakhs) and 2013 (₹ 7.04 lakhs). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -58 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 73 % 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 (₹ 50.18 lakhs) and the the last two years that have been analyzed (2018, 2019) with a price of ₹ 86.67 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 98 % more affordable than the average price (₹ 2.41 crores). Next with a price of ₹ 12.01 lakhs 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 32% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₹ 87.92 lakhs.
The graph showing the average price for the fuel type for Honda Accord cars points out to "Hybrid" as being the cheapest fuel type. It is 99 % less expensive than the average market price (₹ 2.41 crores) followed by "Diesel" priced at ₹ 4.6 lakhs. On average the cheapest type of fuel is "Petrol". It´s price is 61 % more affordable than the average market value followed by "Diesel" with a price of ₹ 4.6 lakhs.