Mitsubishi Canter 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 Mitsubishi Canter cars has had a strong depreciation during the last 6 months we have studied. In November the average price per vehicle is AED 124,733. During December the price went trough a strong deflation till AED 84,982. The following two months (January, February) the selling price went through a devaluation of -9 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from AED 100,311.75 to AED 98,697.5 during March and April.
The average price for Mitsubishi Canter has had a strong rise in recent years. During 2015 and 2015, the average price was AED 66,600. During this period, prices pretty much remained constant. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 142 %. During the last two years, prices in the car industry have experienced a depreciation of -6 % compared to the average prices for the previous 4 years. This has been obtained from prices from the the previous four years in a previous sample (AED 151,224) and the the last two years analyzed (2018, 2019) with a price of AED 141,585.5.
The graph that displays the price for Mitsubishi Canter cars according to their mileage shows that those cars within a mileage range of "100,000 - 200,000" are the ones with the lowest price. They are 9 % more affordable than the average price (AED 117,299). Next with a price of AED 133,314 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 14% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of AED 107,210.
The graph showing the average price for the fuel type for Mitsubishi Canter cars points out to "Diesel" as being the cheapest fuel type. It is 7 % less expensive than the average market price (AED 117,299) followed by "Gasoline" priced at AED 168,300. On average the most expensive type of fuel is "Gasoline". It´s price is 43 % higher than the average market price followed by "Diesel" which costs AED 109,346.