Chevrolet Lumina 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 Lumina cars has had a strong depreciation during the last 6 months we have studied. In November the average price per vehicle is AED 17,857. During December the price went trough a strong deflation till AED 13,167. The following two months the selling price went through a strong reduction of -39 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -25 % compared to the 4 previous average values going down from AED 12,469.75 to AED 9,299.
The average price for Chevrolet Lumina has had a strong rise in recent years. During 2004 and 2004, the average price was AED 7,000. During this period, prices pretty much remained constant. During the next two years (2006, 2007) the price for the aforementioned model has gone up strongly a 28 %. During the last two years, prices in the car industry have gone through a strong rise of 24 % 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 11,729.25) and the the last two years that have been analyzed (2008, 2009) with a price of AED 14,500.
The graph that displays the price for Chevrolet Lumina 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 5 % more affordable than the average price (AED 9,852). Next with a price of AED 9,675 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 9% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of AED 9,675.