Toyota Corolla 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 Toyota Corolla cars has had a strong depreciation during the last 6 months we have studied. The average price for January is $103,446. During February there was a slight reduction in the selling prices dropping till $97,945. The following two months the selling price went through a strong reduction of -29 % compared to the previous two months studied. In the last two months, the price has gone through a strong devaluation of -52 % compared to the 4 previous average values going down from $86,201.5 to $41,222.5.
The average price for Toyota Corolla has had a strong rise in recent years. Between "before 2000" and 2018, the average price is $11,757.47. There was a significant inflation of the average price in "before 2000" ($4,839) moving up till ($30,982)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 206 %. During the last two years, prices in the car industry have gone up 7 % 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 ($38,740.75) and the the last two years that were studied (2021, 2022) with a price of $41,463.
The graph that displays the price for Toyota Corolla 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 84 % more affordable than the average price ($40,864). Next with a price of $17,842 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 7% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at $36,953.
The graph showing the average price for the fuel type for Toyota Corolla cars points out to "Diesel" as being the cheapest fuel type. It is 75 % less expensive than the average market price ($40,864) followed by "Hydrogen" priced at $14,656. On average the cheapest type of fuel is "Hybrid". It´s price is 4 % more affordable than the average market value followed by "Gasoline" with a price of $35,638.
The graph displaying the average price for vehicles with doors shows that Toyota Corolla automobiles with the cheapest price have 4 doors. They are 52 % cheaper than the average price for this model priced at $19,721. Cars with the lowest price have 5 doors and are 51 % cheaper than the average previously displayed.