Price for Chevrolet
Chevrolet 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 Chevrolet cars has had a strong depreciation during the last 6 months we have studied. In June the average price per vehicle is AED 101,755. During July the price went trough a strong deflation till AED 68,512. The following two months the selling price went through a strong reduction of -78 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -75 % compared to the 4 previous average values going down from AED 51,949.25 to AED 13,067.5.
The average price for Chevrolet has gone through a significant depreciation in recent years. During 2013 and 2020, the average price was AED 25,856.5. During this period, prices pretty much remained constant. During the following two years, cars belonging to the brand aforementioned had a strong deflation in their selling price of -53 % compared to the previous period. During the last two years, prices in the car industry have experienced a depreciation of -7 % 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 (AED 11,466) and the the last two years analyzed (2023, 2024) with a price of AED 10,690.
The graph that displays the price for Chevrolet 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 30 % more affordable than the average price (AED 13,925). Next with a price of AED 11,500 and a mileage range of "more than 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 503% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of AED 51,833.
The graph showing the average price for Chevrolet cars displays those with 2 doors as the cheapest ones. They are 22 % more affordable than the average price (AED 13,925). These are followed by those with 4 doors with an average price of AED 27,423. Cars with the the highest price have 5 doors and are 121 % more expensive than the average mentioned before.
