Skoda Rapid 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 Skoda Rapid cars has had a strong depreciation during the last 6 months we have studied. In May the average price per vehicle is ₹ 3.04 crores. During June the price went trough a strong deflation till ₹ 10.49 lakhs. The following two months the selling price went through a strong reduction of -93 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -87 % compared to the 4 previous average values going down from ₹ 83.95 lakhs to ₹ 10.98 lakhs.
The average price for Skoda Rapid has had a strong rise in recent years. Between 2011 and 2017, the average price is ₹ 5.48 lakhs. There was a significant inflation of the average price in 2011 (₹ 3.25 lakhs) moving up till (₹ 8.52 lakhs)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 78 %. 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 (₹ 10.41 lakhs) and the the last two years that were studied (2020, 2021) with a price of ₹ 11.07 lakhs.
The graph that displays the price for Skoda Rapid 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 55 % more affordable than the average price (₹ 11.32 lakhs). Next with a price of ₹ 5.69 lakhs and a mileage range of "more than 2,00,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 10% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₹ 10.01 lakhs.
The graph showing the average price for the fuel type for Skoda Rapid cars points out to "Diesel" as being the cheapest fuel type. It is 18 % less expensive than the average market price (₹ 11.32 lakhs) followed by "Petrol" priced at ₹ 11.05 lakhs. On average the cheapest type of fuel is "Petrol". It´s price is 2 % more affordable than the average market value followed by "Diesel" with a price of ₹ 9.24 lakhs.