Price for Honda Element
Honda Element 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 Element cars has had a strong depreciation during the last 6 months we have studied. The average price for October is $13,849. During November there was a slight reduction in the selling prices dropping till $11,942. 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 -21 % compared to the 4 previous average values going down from $12,531.75 to $9,895.5.
The average price for Honda Element has had a strong rise in recent years. Between 2003 y 2006, the average price is $7,722.25. There was a price inflation going from ($7,676) to ($8,267). During the next two years (2007, 2008) the price for the aforementioned model has gone up strongly a 76 %. 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 ($15,764.5) and the the last two years that were studied (2009, 2010) with a price of $17,935.
The graph that displays the price for Honda Element 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 29 % more affordable than the average price ($10,559). Next with a price of $12,641 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 30% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of $12,641.
