Lexus 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 Lexus cars has had a strong depreciation during the last 6 months we have studied. The average price in October was of Rs. 1.05 crores. This price hardly went through any changes and remained at Rs. 1.05 crores during November. The average selling price has remained fairly constant during the following two months, going from Rs. 1.05 crores to Rs. 1.05 crores. In the last two months, the price has gone through a strong devaluation of -40 % compared to the 4 previous average values going down from Rs. 1.05 crores to Rs. 62.62 lakhs.
The average price for Lexus has had a strong rise in recent years. Between 2003 and 2010, the average price is Rs. 65.86 lakhs. There was a significant inflation of the average price in 2003 (Rs. 30.31 lakhs) moving up till (Rs. 90.83 lakhs)in 2010. During the next two years the average price(Rs. 63.2 lakhs) has hardly changed, remaining at a constant value compared to the previous period. During the last two years, prices in the car industry have gone up 6 % 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 (Rs. 67.1 lakhs) and the the last two years that were studied (2014, 2015) with a price of Rs. 71 lakhs.
The graph that displays the price for Lexus cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 7 % more affordable than the average price (Rs. 66.6 lakhs). Next with a price of Rs. 78.31 lakhs and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 58% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of Rs. 86.75 lakhs.
The graph showing the average price for the fuel type for Lexus cars points out to "Hybrid" as being the cheapest fuel type. It is 8 % less expensive than the average market price (Rs. 66.6 lakhs) followed by "Petrol" priced at Rs. 65.31 lakhs. On average the cheapest type of fuel is "Petrol". It´s price is 2 % more affordable than the average market value followed by "Hybrid" with a price of Rs. 61.25 lakhs.