Toyota Corolla 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 Toyota Corolla cars has had a strong depreciation during the last 6 months we have studied. The average price for April is ₹ 1.9 crores. During May there was a slight reduction in the selling prices dropping till ₹ 1.67 crores. The following two months the selling price went through a strong reduction of -92 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -86 % compared to the 4 previous average values going down from ₹ 96.43 lakhs to ₹ 13.84 lakhs.
The average price for Toyota Corolla has had a strong rise in recent years. Between "before 2000" and 2015, the average price is ₹ 3.87 lakhs. There was a significant inflation of the average price in "before 2000" (₹ 2.27 lakhs) moving up till (₹ 8.55 lakhs)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 193 %. During the last two years, prices in the car industry have gone up 10 % 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 (₹ 12.66 lakhs) and the the last two years that were studied (2018, 2019) with a price of ₹ 13.97 lakhs.
The graph that displays the price for Toyota Corolla 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 78 % more affordable than the average price (₹ 13.91 lakhs). Next with a price of ₹ 5.37 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 17% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₹ 10.83 lakhs.
The graph showing the average price for the fuel type for Toyota Corolla cars points out to "CNG" as being the cheapest fuel type. It is 71 % less expensive than the average market price (₹ 13.91 lakhs) followed by "Diesel" priced at ₹ 8.39 lakhs. On average the cheapest type of fuel is "Petrol". It´s price is 4 % more affordable than the average market value followed by "Diesel" with a price of ₹ 8.39 lakhs.