Mini Cooper 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 Mini Cooper cars has had a strong depreciation during the last 6 months we have studied. In August the price for a car is $43,584 increasing till $46,863 in September. The following two months the selling price went through a strong reduction of -20 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -26 % compared to the 4 previous average values going down from $40,743.5 to $30,101.
The average price for Mini Cooper has had a strong rise in recent years. Between 2003 and 2015, the average price is $13,785.08. There was a significant inflation of the average price in 2003 ($8,074) moving up till ($29,592)in 2015. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 130 %. During the last two years, prices in the car industry have gone up 6 % 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 ($33,587.75) and the the last two years that were studied (2018, 2019) with a price of $35,515.5.
The graph that displays the price for Mini Cooper 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 70 % more affordable than the average price ($31,564). Next with a price of $15,675 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 44% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of $35,055.
The graph showing the average price for Mini Cooper cars displays those with 2 doors as the cheapest ones. They are 66 % more affordable than the average price ($31,564). These are followed by those with 3 doors with an average price of $11,819. Cars with the lowest price have 5 doors and are 42 % cheaper than the average previously displayed.