Price for Hyundai Sonata
Hyundai Sonata 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 Hyundai Sonata cars have gone through a strong rise during the last 6 months. During the first month analyzed in October the average price was AED 9,437. November went through a strong inflation with a rise in the price till AED 22,323. During the following two months (December, January) the average selling price experienced a noticeable rise, going up 110 % from AED 15,880 to AED 33,350. The average price has had spectacular rise of 75 % with an average price of AED 24,615 during the previous 4 months and AED 43,145.5 during the most recent months in February and March.
The average price for Hyundai Sonata has had a strong rise in recent years. Between 2017 and 2019, the average price is AED 23,813.67. There was a significant inflation of the average price in 2017 (AED 29,000) moving up till (AED 40,066)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 98 %. During the last two years, prices in the car industry have gone up 9 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (AED 52,147.25) and the the last two years that were studied (2022, 2023) with a price of AED 57,064.5.
The graph displaying the average price for vehicles with doors shows that Hyundai Sonata automobiles with the cheapest price have 2 doors. They are 93 % cheaper than the average price for this model priced at AED 3,000. Cars with the the highest price have 4 doors and are 31 % more expensive than the average mentioned before.
