Toyota 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 cars has had a strong depreciation during the last 6 months we have studied. In September the average price per vehicle is KSh 9,796,000. During October the price went trough a strong deflation till KSh 6,623,187. The following two months the selling price went through a strong reduction of -61 % compared to the previous two months studied. The average price has had spectacular rise of 60 % with an average price of KSh 5,697,050 during the previous 4 months and KSh 9,142,555 during the most recent months in January and February.
The average price for Toyota has had a strong rise in recent years. Between "before 2000" and 2019, the average price is KSh 1,047,900.94. There was a significant inflation of the average price in "before 2000" (KSh 906,737) moving up till (KSh 1,372,882)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 17 %. During the last two years, prices in the car industry have gone through a strong rise of 34 % 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 (KSh 1,852,426.25) and the the last two years that have been analyzed (2022, 2023) with a price of KSh 2,481,618.5.
The graph that displays the price for Toyota 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 94 % more affordable than the average price (KSh 10,347,815). Next with a price of KSh 819,550 and a mileage range of "10,000 - 25,000" we would see the following vehicles. The mileage range for the most affordable cars is "less than 10,000". It is 3% less expensive than the average market value followed by those cars with a mileage of "50,000 - 100,000" priced at KSh 2,832,078.
The graph showing the average price for the fuel type for Toyota cars points out to "Diesel" as being the cheapest fuel type. It is 74 % less expensive than the average market price (KSh 10,347,815) followed by "Petrol" priced at KSh 9,876,940. On average the cheapest type of fuel is "Petrol". It´s price is 5 % more affordable than the average market value followed by "Diesel" with a price of KSh 2,725,300.