Honda Brio Amaze 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 Brio Amaze cars has had a strong depreciation during the last 6 months we have studied. The average price in November was of ₹ 6.32 crores. This price hardly went through any changes and remained at ₹ 6.13 crores during December. The following two months the selling price went through a strong reduction of -15 % compared to the previous two months studied. 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 ₹ 5.75 crores to ₹ 4.81 crores.
The average price for Honda Brio Amaze has had a strong rise in recent years. During the first sample analyzed, going from 2013 to 2016, the average price was ₹ 43.79 lakhs. Please take note of of the significant depreciation in the prices between 2013 (₹ 43.48 lakhs) and 2016 (₹ 5.36 lakhs). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -37 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 82 % 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 (₹ 1.54 crores) and the the last two years that have been analyzed (2019, 2020) with a price of ₹ 2.8 crores.
The graph that displays the price for Honda Brio Amaze 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 99 % more affordable than the average price (₹ 4.61 crores). Next with a price of ₹ 15.81 lakhs and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 1,00,000". It is 57% less expensive than the average market value followed by those cars with a mileage of "1,00,000 - 2,00,000" priced at ₹ 78.08 lakhs.
The graph showing the average price for the fuel type for Honda Brio Amaze cars points out to "Hybrid" as being the cheapest fuel type. It is 99 % less expensive than the average market price (₹ 4.61 crores) followed by "Diesel" priced at ₹ 1.85 crores. On average the cheapest type of fuel is "Petrol". It´s price is 45 % more affordable than the average market value followed by "Diesel" with a price of ₹ 1.85 crores.