BMW 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 BMW cars has fallen during the last 6 months we have analyzed. The average price in October was of Rs. 83.59 lakhs. This price hardly went through any changes and remained at Rs. 84.03 lakhs during November. The average selling price has remained fairly constant during the following two months, going from Rs. 83.81 lakhs to Rs. 82.39 lakhs. In the last two months, the price has gone through a strong devaluation of -26 % compared to the 4 previous average values going down from Rs. 83.1 lakhs to Rs. 61.21 lakhs.
The average price for BMW has had a strong rise in recent years. Between "before 2000" and 2017, the average price is Rs. 60.17 lakhs. There was a significant inflation of the average price in "before 2000" (Rs. 20.87 lakhs) moving up till (Rs. 72.65 lakhs)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 113 %. During the last two years, prices in the car industry have experienced a depreciation of -9 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (Rs. 1.18 crores) and the the last two years analyzed (2022, 2023) with a price of Rs. 1.08 crores.
The graph that displays the price for BMW cars according to their mileage shows that those cars within a mileage range of "less than 10,000" are the ones with the lowest price. They are 45 % more affordable than the average price (Rs. 59.15 lakhs). Next with a price of Rs. 40.36 lakhs and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 111% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of Rs. 82 lakhs.
The graph showing the average price for the fuel type for BMW cars points out to "Electric" as being the cheapest fuel type. It is 100 % less expensive than the average market price (Rs. 59.15 lakhs) followed by "Diesel" priced at Rs. 46.36 lakhs. On average the cheapest type of fuel is "Petrol". It´s price is 12 % more affordable than the average market value followed by "Diesel" with a price of Rs. 46.36 lakhs.