Chrysler PT 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 Chrysler PT cars has had a strong depreciation during the last 6 months we have studied. In October the average price per vehicle is $10,310. During November the price went trough a strong deflation till $8,668. The following two months (December, January) the selling price went through a devaluation of -6 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 -32 % compared to the 4 previous average values going down from $9,223.5 to $6,264.
The average price for Chrysler PT has had a strong rise in recent years. Between 2001 and 2005, the average price is $5,314.25. There was a significant inflation of the average price in 2001 ($4,915) moving up till ($6,391)in 2005. During the next two years (2006, 2007) the price for the aforementioned model has gone up strongly a 39 %. During the last two years, prices in the car industry have gone through a strong rise of 27 % 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 ($10,164) and the the last two years that have been analyzed (2008, 2009) with a price of $12,949.