Chevrolet Silverado 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 Silverado cars has had a strong depreciation during the last 6 months we have studied. The average price in December was of AED 82,571. This price hardly went through any changes and remained at AED 79,442 during January. The following two months the selling price went through a strong reduction of -27 % compared to the previous two months studied. In the last two, the price has gone through a -8 % devaluation compared to the previous average values going down from AED 70,018.5 to AED 64,764 during April and May.
The average price for Chevrolet Silverado has had a strong rise in recent years. Between 2011 and 2014, the average price is AED 49,093.75. There was a significant inflation of the average price in 2011 (AED 34,500) moving up till (AED 67,875)in 2014. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 63 %. During the last two years, prices in the car industry have gone through a strong rise of 17 % 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 96,851.5) and the the last two years that have been analyzed (2017, 2018) with a price of AED 113,717.5.
The graph that displays the price for Chevrolet Silverado 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 46 % more affordable than the average price (AED 69,558). Next with a price of AED 48,250 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 47% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of AED 93,250.