Geo 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 Geo cars has had a strong depreciation during the last 6 months we have studied. In November the average price per vehicle is $5,966. During December the price went trough a strong deflation till $2,632. The following two months the selling price went through a strong reduction of -42 % compared to the previous two months studied. The average price has had spectacular rise of 83 % with an average price of $3,385.5 during the previous 4 months and $6,200 during the most recent months in March and April.