Honda City 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 City cars have gone through a strong rise during the last 6 months. During the first month analyzed in September the average price was AED 19,974. October went through a strong inflation with a rise in the price till AED 24,093. During the following two months (November, December) the average selling price experienced a noticeable rise, going up 31 % from AED 22,033.5 to AED 28,784. The average price has had spectacular rise of 24 % with an average price of AED 25,408.75 during the previous 4 months and AED 31,574 during the most recent months in January and February.
The average price for Honda City has had a strong rise in recent years. Between 2006 and 2018, the average price is AED 17,654.64. There was a significant inflation of the average price in 2006 (AED 7,100) moving up till (AED 24,978)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 87 %. During the last two years, prices in the car industry have gone through a strong rise of 23 % 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 43,012.75) and the the last two years that have been analyzed (2021, 2024) with a price of AED 52,998.5.
The graph that displays the price for Honda City 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 43 % more affordable than the average price (AED 29,866). Next with a price of AED 27,413 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 68% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of AED 36,762.
The graph displaying the average price for vehicles with doors shows that Honda City automobiles with the cheapest price have 4 doors. They are 13 % cheaper than the average price for this model priced at AED 26,010. Cars with the lowest price have 5 doors and are 10 % cheaper than the average previously displayed.