Hyundai Elantra 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 Hyundai Elantra cars has had a strong depreciation during the last 6 months we have studied. In April the average price per vehicle is ₹ 3.53 crores. During May the price went trough a strong deflation till ₹ 14.27 lakhs. The following two months the selling price went through a strong reduction of -30 % compared to the previous two months studied. The average price has risen 7 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (₹ 1.67 crores) during August and September.
The average price for Hyundai Elantra has had a strong rise in recent years. During the first sample analyzed, going from 2004 to 2015, the average price was ₹ 33.11 lakhs. Please take note of of the significant depreciation in the prices between 2004 (₹ 12.38 lakhs) and 2015 (₹ 8.73 lakhs). During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 210 %. During the last two years, the car industry has had a strong deflation in its selling prices of -73 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₹ 59.33 lakhs) and the the last two years (2018, 2019) with a price of ₹ 16.01 lakhs.
The graph that displays the price for Hyundai Elantra cars according to their mileage shows that those cars within a mileage range of "1,00,000 - 2,00,000" are the ones with the lowest price. They are 97 % more affordable than the average price (₹ 1.3 crores). Next with a price of ₹ 9.7 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 30% less expensive than the average market value followed by those cars with a mileage of "more than 2,00,000" priced at ₹ 45.28 lakhs.
The graph showing the average price for the fuel type for Hyundai Elantra cars points out to "Petrol" as being the cheapest fuel type. It is 94 % less expensive than the average market price (₹ 1.3 crores) followed by "Diesel" priced at ₹ 1.14 crores. On average the cheapest type of fuel is "Diesel". It´s price is 12 % more affordable than the average market value followed by "Petrol" with a price of ₹ 7.95 lakhs.