Land Rover Range 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 Range Rover cars has had a strong depreciation during the last 6 months we have studied. The average price for January is AED 185,552. During February there was a slight reduction in the selling prices dropping till AED 175,532. The average selling price has remained fairly constant during the following two months, going from AED 180,542 to AED 171,742.5. In the last two months, the price has gone through a strong devaluation of -28 % compared to the 4 previous average values going down from AED 176,142.25 to AED 126,641.
The average price for Land Rover Range Rover has had a strong rise in recent years. Between 2005 and 2013, the average price is AED 70,910.11. There was a significant inflation of the average price in 2005 (AED 33,500) moving up till (AED 131,417)in 2013. During the next two years (2014, 2015) the price for the aforementioned model has gone up strongly a 286 %. During the last two years, prices in the car industry have gone through a strong rise of 21 % 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 347,789) and the the last two years that have been analyzed (2016, 2017) with a price of AED 421,916.
The graph that displays the price for Land Rover Range 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 58 % more affordable than the average price (AED 120,707). Next with a price of AED 63,267 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 117% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of AED 217,750.