Price for Honda
Honda Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for Honda cars have gone through a strong rise during the last 6 months. In October the price for a car is AED 57,542 increasing till AED 63,218 in November. During the following two months (December, January) the average selling price rose somewhat going from AED 60,380 to AED 65,283.5. The average price has had spectacular rise of 24 % with an average price of AED 62,831.75 during the previous 4 months and AED 78,136 during the most recent months in February and March.
The average price for Honda has had a strong rise in recent years. Between 2002 and 2020, the average price is AED 24,792.32. There was a significant inflation of the average price in 2002 (AED 7,667) moving up till (AED 49,934)in 2020. During the next two years (2021, 2022) the price for the aforementioned model has gone up strongly a 125 %. During the last two years, prices in the car industry have gone through a strong rise of 19 % 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 (AED 69,117.5) and the the last two years that have been analyzed (2023, 2024) with a price of AED 82,557.5.
The graph that displays the price for Honda 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 73 % more affordable than the average price (AED 79,146). Next with a price of AED 41,587 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 20% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of AED 65,883.
The graph showing the average price for Honda cars displays those with 2 doors as the cheapest ones. They are 84 % more affordable than the average price (AED 79,146). These are followed by those with 4 doors with an average price of AED 40,550. Cars with the lowest price have 5 doors and are 48 % cheaper than the average previously displayed.
