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 December the average price per vehicle is ₹ 1.23 crores. During January the price went trough a strong deflation till ₹ 73.63 lakhs. The average selling price has remained fairly constant during the following two months, going from ₹ 98.14 lakhs to ₹ 1.01 crores. In the last two months, the price has gone through a strong devaluation of -51 % compared to the 4 previous average values going down from ₹ 99.72 lakhs to ₹ 48.59 lakhs.
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 ₹ 74.5 lakhs. Please take note of of the significant depreciation in the prices between 2009 (₹ 3.82 crores) and 2016 (₹ 25.62 lakhs). During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -61 % compared to the previous period. During the last two years, prices in the car industry have experienced a depreciation of -9 % 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 (₹ 26.83 lakhs) and the the last two years analyzed (2019, 2020) with a price of ₹ 24.47 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 59 % more affordable than the average price (₹ 29.81 lakhs). Next with a price of ₹ 14.55 lakhs and a mileage range of "1,00,000 - 2,00,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 908% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of ₹ 30.14 lakhs.