Price for MG
MG Vehicles have had a price that has remained pretty much the same during the last months. The prices for this particular model have remained constant recently.
The selling prices for MG cars have remained constant in the last 6 months. The average price in October was of $35,476. This price hardly went through any changes and remained at $35,264 during November. The average selling price has remained fairly constant during the following two months, going from $35,370 to $34,983. During the last couple of months, the average price has hardly changed, remaining the same going from $35,176.5 to $35,083.5 during February and March.
The average price for MG has had a strong rise in recent years. During 2019 and 2019, the average price was $20,444. During this period, prices pretty much remained constant. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 41 %. During the last two years, prices in the car industry have gone up 8 % 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 ($31,450.75) and the the last two years that were studied (2022, 2023) with a price of $34,058.
The graph that displays the price for MG cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 48 % more affordable than the average price ($35,203). Next with a price of $22,468 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 6% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $29,719.
The graph showing the average price for the fuel type for MG cars points out to "Gasoline" as being the cheapest fuel type. It is 25 % less expensive than the average market price ($35,203) followed by "Electric" priced at $46,432. On average the most expensive type of fuel is "Electric". It´s price is 32 % higher than the average market price followed by "Gasoline" which costs $26,305.
