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 October is ₹ 6.71 crores. During November there was a slight reduction in the selling prices dropping till ₹ 5.97 crores. The following two months the selling price went through a strong reduction of -18 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -25 % compared to the 4 previous average values going down from ₹ 5.77 crores to ₹ 4.33 crores.
The average price for Mahindra Bolero has had a strong rise in recent years. Between 2000 and 2016, the average price is ₹ 34.18 lakhs. There was a significant inflation of the average price in 2000 (₹ 2.54 lakhs) moving up till (₹ 1.84 crores)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 184 %. During the last two years, prices in the car industry have gone through a strong rise of 34 % 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 (₹ 1.47 crores) and the the last two years that have been analyzed (2019, 2020) with a price of ₹ 1.96 crores.
The graph that displays the price for Mahindra Bolero 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 (₹ 4.06 crores). Next with a price of ₹ 64.36 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 40% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₹ 2.25 crores.
The graph showing the average price for the fuel type for Mahindra Bolero cars points out to "Petrol" as being the cheapest fuel type. It is 99 % less expensive than the average market price (₹ 4.06 crores) followed by "Diesel" priced at ₹ 3.55 crores. On average the cheapest type of fuel is "Diesel". It´s price is 13 % more affordable than the average market value followed by "Petrol" with a price of ₹ 4.61 lakhs.