Price for BMW 5 Series
BMW 5 Series 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 BMW 5 Series cars has had a strong depreciation during the last 6 months we have studied. The average price for October is $55,615. During November there was a slight reduction in the selling prices dropping till $52,656. The following two months (December, January) the selling price went through a devaluation of -14 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -23 % compared to the 4 previous average values going down from $50,404.25 to $38,910.
The average price for BMW 5 Series has had a strong rise in recent years. Between "before 2000" and 2019, the average price is $19,909.38. There was a significant inflation of the average price in "before 2000" ($4,621) moving up till ($41,744)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 148 %. During the last two years, prices in the car industry have gone through a strong rise of 16 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample ($58,552.5) and the the last two years that have been analyzed (2022, 2023) with a price of $67,688.
The graph that displays the price for BMW 5 Series cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 79 % more affordable than the average price ($42,169). Next with a price of $17,005 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 38% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of $46,894.
The graph showing the average price for the fuel type for BMW 5 Series cars points out to "Gasoline" as being the cheapest fuel type. It is 42 % less expensive than the average market price ($42,169) followed by "Hybrid" priced at $37,310. On average the cheapest type of fuel is "Hybrid". It´s price is 12 % more affordable than the average market value followed by "Gasoline" with a price of $24,249.
