Price for Volvo S40
Volvo S40 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 Volvo S40 cars has had a strong depreciation during the last 6 months we have studied. The average price in November was of $11,557. This price hardly went through any changes and remained at $11,985 during December. The following two months the selling price went through a strong reduction of -26 % compared to the previous two months studied. In the last two, the price has gone through a -8 % devaluation compared to the previous average values going down from $10,250 to $9,448 during March and April.
The average price for Volvo S40 has had a strong rise in recent years. Between 2001 and 2007, the average price is $6,212.6. There was a significant inflation of the average price in 2001 ($4,535) moving up till ($6,461)in 2007. During the next two years (2008, 2009) the price for the aforementioned model has gone up strongly a 81 %. During the last two years, prices in the car industry have gone through a strong rise of 32 % 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 ($16,478) and the the last two years that have been analyzed (2010, 2011) with a price of $21,738.5.
The graph that displays the price for Volvo S40 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 39 % more affordable than the average price ($9,910). Next with a price of $6,910 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 24% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of $6,910.
