Toyota Qualis 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 Qualis cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is ₹ 1.16 crores. During November the price went trough a strong deflation till ₹ 74.64 lakhs. The following two months the selling price went through a strong reduction of -31 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -22 % compared to the 4 previous average values going down from ₹ 80.51 lakhs to ₹ 63 lakhs.
The average price for Toyota Qualis has had a strong rise in recent years. During the first sample analyzed (2000 - 2001), the average selling price stood at ₹ 11.58 lakhs. During this time, the price for 2000 which was ₹ 12.44 lakhs decreased to ₹ 10.72 lakhs during 2001. During the next two years (2002, 2003) the price for the aforementioned model has gone up strongly a 88 %. During the last two years, the car industry has had a strong deflation in its selling prices of -17 % compared to the average values for the previous 4 years. This has been obtained from analysing the prices for the the preceding four years in a previous sample (₹ 18.64 lakhs) and the the last two years (2004, 2005) with a price of ₹ 15.49 lakhs.
The graph that displays the price for Toyota Qualis cars according to their mileage shows that those cars within a mileage range of "50,000 - 1,00,000" are the ones with the lowest price. They are 97 % more affordable than the average price (₹ 63.5 lakhs). Next with a price of ₹ 2.54 lakhs and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most affordable cars is "25,000 - 50,000". It is 17% less expensive than the average market value followed by those cars with a mileage of "1,00,000 - 2,00,000" priced at ₹ 26.68 lakhs.