Mitsubishi Montero 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 Montero cars has had a strong depreciation during the last 6 months we have studied. The average price for February is AED 37,153. During March there was a slight reduction in the selling prices dropping till AED 35,002. The following two months the selling price went through a strong reduction of -25 % compared to the previous two months studied. The average price has risen 9 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (AED 34,363) during June and July.
The average price for Mitsubishi Montero has had a strong rise in recent years. During 2016 and 2016, the average price was AED 22,102. During this period, prices pretty much remained constant. During the next two years (2017, 2019) the price for the aforementioned model has gone up strongly a 52 %. During the last two years, prices in the car industry have gone through a strong rise of 81 % 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 177,780) and the the last two years that have been analyzed (2020, 2021) with a price of AED 321,950.5.
The graph that displays the price for Mitsubishi Montero 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 50 % more affordable than the average price (AED 33,372). Next with a price of AED 25,609 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 624% more costly than the average market value followed by those vehicles with a mileage of "25,000 - 50,000" and a price of AED 64,763.
"Gasoline" priced at AED 22,216 is the most affordable fuel type when taking into account the average fuel price for Mitsubishi Montero cars. It is is 33 % cheaper than the average selling price (!PRECIO2!). "Gasoline" is the most affordable type of fuel and it is 33 % less expensive than the average value aforementioned.