Land Rover 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 Land Rover cars has had a strong depreciation during the last 6 months we have studied. The average price for February is AED 490,369. During March there was a slight reduction in the selling prices dropping till AED 420,998. The average selling price has remained fairly constant during the following two months, going from AED 455,683.5 to AED 456,531. In the last two months, the price has gone through a strong devaluation of -44 % compared to the 4 previous average values going down from AED 456,107.25 to AED 253,768.5.
The average price for Land Rover has had a strong rise in recent years. Between 2004 and 2015, the average price is AED 52,313.58. There was a significant inflation of the average price in 2004 (AED 14,100) moving up till (AED 149,111)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 246 %. During the last two years, prices in the car industry have gone through a strong rise of 32 % 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 265,290.25) and the the last two years that have been analyzed (2018, 2019) with a price of AED 349,830.5.
The graph that displays the price for Land Rover 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 83 % more affordable than the average price (AED 247,424). Next with a price of AED 60,609 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 49% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at AED 118,724.
The graph showing the average price for the fuel type for Land Rover cars points out to "Hybrid" as being the cheapest fuel type. It is 94 % less expensive than the average market price (AED 247,424) followed by "Gas" priced at AED 80,400. On average the cheapest type of fuel is "Gasoline". It´s price is 23 % more affordable than the average market value followed by "Diesel" with a price of AED 148,244.
The graph displaying the average price for vehicles with doors shows that Land Rover automobiles with the cheapest price have 5 doors. They are 67 % cheaper than the average price for this model priced at AED 82,078. Cars with the lowest price have 4 doors and are 55 % cheaper than the average previously displayed.