BMW 7 Series 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 7 Series cars has fallen during the last 6 months we have analyzed. The average price in October was of Rs. 52.12 lakhs. This price hardly went through any changes and remained at Rs. 52.33 lakhs during November. The average selling price has remained fairly constant during the following two months, going from Rs. 52.22 lakhs to Rs. 51.18 lakhs. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from Rs. 51.7 lakhs to Rs. 45.61 lakhs during February and March.
The average price for BMW 7 Series has had a strong rise in recent years. Between 2002 and 2003, the average price is Rs. 44.14 lakhs. There was a significant inflation of the average price in 2002 (Rs. 41 lakhs) moving up till (Rs. 47.29 lakhs)in 2003. During the next two years (2004, 2006) the price for the aforementioned model has gone up strongly a 23 %. During the last two years, prices in the car industry have gone through a strong rise of 59 % 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 (Rs. 1.32 crores) and the the last two years that have been analyzed (2017, 2023) with a price of Rs. 2.1 crores.
The graph that displays the price for BMW 7 Series 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 14 % more affordable than the average price (Rs. 49.56 lakhs). Next with a price of Rs. 46.67 lakhs and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 16% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of Rs. 46.67 lakhs.
The graph showing the average price for the fuel type for BMW 7 Series cars points out to "Electric" as being the cheapest fuel type. It is 100 % less expensive than the average market price (Rs. 49.56 lakhs) followed by "Diesel" priced at Rs. 36.5 lakhs. On average the most expensive type of fuel is "Petrol". It´s price is 3 % higher than the average market price followed by "Diesel" which costs Rs. 36.5 lakhs.