Ford Explorer Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Ford Explorer cars has fallen during the last 6 months we have analyzed. The average price for September is $62,373. During October there was a slight reduction in the selling prices dropping till $54,872. The following two months (November, December) the selling price went through a devaluation of -6 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from $56,804.25 to $54,225.5 during January and February.
The average price for Ford Explorer has had a strong rise in recent years. Between "before 2000" and 2017, the average price is $11,974.05. There was a significant inflation of the average price in "before 2000" ($2,112) moving up till ($34,587)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 229 %. During the last two years, prices in the car industry have gone up 14 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample ($45,642.75) and the the last two years that were studied (2020, 2021) with a price of $51,887.5.
The graph that displays the price for Ford Explorer 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 87 % more affordable than the average price ($53,315). Next with a price of $26,650 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 6% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $43,838.
The graph showing the average price for the fuel type for Ford Explorer cars points out to "Gas" as being the cheapest fuel type. It is 40 % less expensive than the average market price ($53,315) followed by "Flexible Fuel" priced at $32,811. On average the most expensive type of fuel is "Hybrid". It´s price is 7 % higher than the average market price followed by "Gasoline" which costs $49,170.
The graph showing the average price for Ford Explorer cars displays those with 5 doors as the cheapest ones. They are 52 % more affordable than the average price ($53,315). These are followed by those with 2 doors with an average price of $28,944. Cars with the lowest price have 4 doors and are 10 % cheaper than the average previously displayed.