Honda City 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 Honda City cars has fallen during the last 6 months we have analyzed. The average price in May was of Rs. 44.58 lakhs. This price hardly went through any changes and remained at Rs. 43.26 lakhs during June. The following two months (July, August) the selling price went through a devaluation of -7 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from Rs. 42.3 lakhs to Rs. 41.13 lakhs during September and October.
The average price for Honda City has had a strong rise in recent years. Between "before 2000" and 2017, the average price is Rs. 14.99 lakhs. There was a significant inflation of the average price in "before 2000" (Rs. 6.67 lakhs) moving up till (Rs. 25.9 lakhs)in 2017. During the next two years (2018, 2019) the price for the aforementioned model has gone up strongly a 78 %. During the last two years, prices in the car industry have gone up 8 % 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. 29.13 lakhs) and the the last two years that were studied (2020, 2021) with a price of Rs. 31.56 lakhs.
The graph that displays the price for Honda City 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 69 % more affordable than the average price (Rs. 41.6 lakhs). Next with a price of Rs. 23.72 lakhs and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 16% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at Rs. 30.09 lakhs.
The graph showing the average price for the fuel type for Honda City cars points out to "Gas" as being the cheapest fuel type. It is 80 % less expensive than the average market price (Rs. 41.6 lakhs) followed by "Hybrid" priced at Rs. 33.22 lakhs. On average the cheapest type of fuel is "Petrol". It´s price is 7 % more affordable than the average market value followed by "Hybrid" with a price of Rs. 33.22 lakhs.