Hyundai Santa Fe 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 Santa Fe cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₹ 29.56 lakhs. During November the price went trough a strong deflation till ₹ 11.42 lakhs. The following two months the selling price went through a strong reduction of -40 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -28 % compared to the 4 previous average values going down from ₹ 16.35 lakhs to ₹ 11.84 lakhs.
The average price for Hyundai Santa Fe has had a strong rise in recent years. Between 2011 and 2012, the average price is ₹ 33.24 lakhs. There was a significant inflation of the average price in 2011 (₹ 6.88 lakhs) moving up till (₹ 59.59 lakhs)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 107 %. During the last two years, the car industry has had a strong deflation in its selling prices of -63 % 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 (₹ 42.26 lakhs) and the the last two years (2015, 2016) with a price of ₹ 15.65 lakhs.
The graph that displays the price for Hyundai Santa Fe 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 20 % more affordable than the average price (₹ 11.6 lakhs). Next with a price of ₹ 11.18 lakhs and a mileage range of "50,000 - 1,00,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 37% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 1,00,000" and a price of ₹ 11.18 lakhs.