Maruti Ritz Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Maruti Ritz cars have gone through a strong rise during the last 6 months. During the first month analyzed in October the average price was ₹ 325. November went through a strong inflation with a rise in the price till ₹ 9,804. The following two months the selling price went through a strong reduction of -93 % compared to the previous two months studied. The average price has had spectacular rise of 5715 % with an average price of ₹ 2,715.5 during the previous 4 months and ₹ 1.58 lakhs during the most recent months in February and March.
The average price for Maruti Ritz has become more expensive in recent years. During the first sample analyzed, going from 2009 to 2012, the average price was ₹ 1.37 lakhs. Please take note of of the significant depreciation in the prices between 2009 (₹ 1.3 lakhs) and 2012 (₹ 1.07 lakhs). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -35 % compared to the previous period. During the last two years, prices in the car industry have gone through a strong rise of 37 % 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 (₹ 1.42 lakhs) and the the last two years that have been analyzed (2015, 2016) with a price of ₹ 1.95 lakhs.
The graph that displays the price for Maruti Ritz 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 76 % more affordable than the average price (₹ 1.46 lakhs). Next with a price of ₹ 1.38 lakhs and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 1,00,000". It is 22% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of ₹ 1.38 lakhs.
The graph showing the average price for the fuel type for Maruti Ritz cars points out to "Diesel" as being the cheapest fuel type. It is 100 % less expensive than the average market price (₹ 1.46 lakhs) followed by "Petrol" priced at ₹ 363. On average the cheapest type of fuel is "Petrol". It´s price is 100 % more affordable than the average market value followed by "Diesel" with a price of ₹ 356.