Honda CR-V 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 Honda CR-V cars has had a strong depreciation during the last 6 months we have studied. In August the average price per vehicle is $226,980. During September the price went trough a strong deflation till $181,272. The following two months the selling price went through a strong reduction of -20 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -78 % compared to the 4 previous average values going down from $183,488 to $40,962.
The average price for Honda CR-V has had a strong rise in recent years. Between "before 2000" and 2016, the average price is $10,133.06. There was a significant inflation of the average price in "before 2000" ($2,718) moving up till ($25,964)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 211 %. During the last two years, prices in the car industry have gone up 11 % 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 ($35,291.25) and the the last two years that were studied (2019, 2020) with a price of $39,048.
The graph that displays the price for Honda CR-V 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 84 % more affordable than the average price ($41,458). Next with a price of $20,355 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 0% less expensive than the average market value followed by those cars with a mileage of "25,000 - 50,000" priced at $31,885.
The graph showing the average price for the fuel type for Honda CR-V cars points out to "Gas" as being the cheapest fuel type. It is 31 % less expensive than the average market price ($41,458) followed by "Gasoline" priced at $38,233. On average the cheapest type of fuel is "Gasoline". It´s price is 8 % more affordable than the average market value followed by "Gas" with a price of $28,805.
The graph showing the average price for Honda CR-V cars displays those with 2 doors as the cheapest ones. They are 46 % more affordable than the average price ($41,458). These are followed by those with 5 doors with an average price of $23,562. Cars with the lowest price have 4 doors and are 2 % cheaper than the average previously displayed.