Toyota Fortuner 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 Fortuner cars has had a strong depreciation during the last 6 months we have studied. In March the average price per vehicle is ₹ 91.91 lakhs. During April the price went trough a strong deflation till ₹ 67.38 lakhs. The following two months the selling price went through a strong reduction of -50 % compared to the previous two months studied. The average price has had spectacular rise of 66 % with an average price of ₹ 59.82 lakhs during the previous 4 months and ₹ 99.41 lakhs during the most recent months in July and August.
The average price for Toyota Fortuner has gone through a significant depreciation in recent years. During the first sample analyzed, going from 2009 to 2016, the average price was ₹ 41.58 lakhs. Please take note of of the significant depreciation in the prices between 2009 (₹ 2.3 crores) and 2016 (₹ 22.09 lakhs). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -30 % compared to the previous period. During the last two years, prices in the car industry have gone up 9 % 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 (₹ 32.17 lakhs) and the the last two years that were studied (2019, 2020) with a price of ₹ 35.11 lakhs.
The graph that displays the price for Toyota Fortuner 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 90 % more affordable than the average price (₹ 1.22 crores). Next with a price of ₹ 23.28 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 73% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at ₹ 29.27 lakhs.