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. The average price for January is ₹ 5.06 crores. During February there was a slight reduction in the selling prices dropping till ₹ 4.59 crores. The following two months the selling price went through a strong reduction of -18 % compared to the previous two months studied. During the last couple of months, the average price has hardly changed, remaining the same going from ₹ 4.39 crores to ₹ 4.29 crores during May and June.
The average price for Mahindra Bolero has had a strong rise in recent years. Between 2004 and 2016, the average price is ₹ 1.02 crores. There was a significant inflation of the average price in 2004 (₹ 97.96 lakhs) moving up till (₹ 1.18 crores)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 61 %. During the last two years, prices in the car industry have gone through a strong rise of 21 % 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 (₹ 2.1 crores) and the the last two years that have been analyzed (2019, 2020) with a price of ₹ 2.55 crores.
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 82 % more affordable than the average price (₹ 4.46 crores). Next with a price of ₹ 85.99 lakhs and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 62% less expensive than the average market value followed by those cars with a mileage of "50,000 - 1,00,000" priced at ₹ 1.65 crores.