Mitsubishi Galant 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 Galant cars has had a strong depreciation during the last 6 months we have studied. The average price in October was of AED 13,688. This price hardly went through any changes and remained at AED 13,182 during November. The following two months the selling price went through a strong reduction of -15 % compared to the previous two months studied. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from AED 12,421.75 to AED 10,882 during February and March.
The average price for Mitsubishi Galant has had a strong rise in recent years. Between 2003 and 2007, the average price is AED 7,121.5. There was a significant inflation of the average price in 2003 (AED 5,500) moving up till (AED 9,423)in 2007. During the next two years (2008, 2009) the price for the aforementioned model has gone up strongly a 112 %. During the last two years, prices in the car industry have gone up 5 % 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 15,936.75) and the the last two years that were studied (2010, 2011) with a price of AED 16,750.
The graph that displays the price for Mitsubishi Galant 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 28 % more affordable than the average price (AED 11,119). Next with a price of AED 11,917 and a mileage range of "less than 10,000" we would see the following vehicles. The mileage range for the most expensive cars is "50,000 - 100,000". It is 59% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of AED 12,688.
The graph displaying the average price for vehicles with doors shows that Mitsubishi Galant automobiles with the highest price have 4 doors. They are 1 % more costly than the average price for this model priced at AED 11,211. Cars with the the highest price have 5 doors and are 10 % more expensive than the average mentioned before.