Toyota Corolla Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Toyota Corolla cars has fallen during the last 6 months we have analyzed. In October the price for a car is ₹ 8.99 lakhs increasing till ₹ 9.46 lakhs in November. The following two months the selling price went through a strong reduction of -16 % compared to the previous two months studied. In the last two, the price has gone through a -15 % devaluation compared to the previous average values going down from ₹ 8.47 lakhs to ₹ 7.24 lakhs during February and March.
The average price for Toyota Corolla has had a strong rise in recent years. Between 2004 and 2014, the average price is ₹ 3.34 lakhs. There was a significant inflation of the average price in 2004 (₹ 1.8 lakhs) moving up till (₹ 7.87 lakhs)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 177 %. During the last two years, prices in the car industry have experienced a depreciation of -8 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (₹ 8.55 lakhs) and the the last two years analyzed (2017, 2018) with a price of ₹ 7.85 lakhs.
The graph that displays the price for Toyota Corolla 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 65 % more affordable than the average price (₹ 8.98 lakhs). Next with a price of ₹ 5.19 lakhs and a mileage range of "50,000 - 1,00,000" we would see the following vehicles. The mileage range for the most affordable cars is "10,000 - 25,000". It is 6% less expensive than the average market value followed by those cars with a mileage of "less than 10,000" priced at ₹ 7 lakhs.
The graph showing the average price for the fuel type for Toyota Corolla cars points out to "Petrol" as being the cheapest fuel type. It is 89 % less expensive than the average market price (₹ 8.98 lakhs) followed by "CNG" priced at ₹ 1.67 lakhs. On average the cheapest type of fuel is "Diesel". It´s price is 55 % more affordable than the average market value followed by "CNG" with a price of ₹ 1.67 lakhs.