Mahindra Bolero 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 Mahindra Bolero cars has had a strong depreciation during the last 6 months we have studied. In May the average price per vehicle is ₹ 3.28 crores. During June the price went trough a strong deflation till ₹ 9.96 lakhs. The following two months the selling price went through a strong reduction of -94 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -89 % compared to the 4 previous average values going down from ₹ 89.3 lakhs to ₹ 10.05 lakhs.
The average price for Mahindra Bolero has had a strong rise in recent years. Between 2005 and 2017, the average price is ₹ 4.31 lakhs. There was a significant inflation of the average price in 2005 (₹ 2.69 lakhs) moving up till (₹ 7.11 lakhs)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 89 %. During the last two years, prices in the car industry have gone up 6 % 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 (₹ 8.65 lakhs) and the the last two years that were studied (2020, 2021) with a price of ₹ 9.12 lakhs.
The graph that displays the price for Mahindra Bolero cars according to their mileage shows that those cars within a mileage range of "more than 2,00,000" are the ones with the lowest price. They are 64 % more affordable than the average price (₹ 9.65 lakhs). Next with a price of ₹ 4.78 lakhs and a mileage range of "1,00,000 - 2,00,000" we would see the following vehicles. The mileage range for the most affordable cars is "50,000 - 1,00,000". It is 5% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at ₹ 8.54 lakhs.