Land Rover Discovery Vehicles have gone through a slight decrease in their retail price recently. This model has gone through an overall fall in its selling price.
The selling price for Land Rover Discovery cars has fallen during the last 6 months we have analyzed. The average price for September is KSh 5,340,350. During October there was a slight reduction in the selling prices dropping till KSh 4,918,475. The following two months (November, December) the selling price went through a devaluation of -9 percent in the average selling price compared to the previous two months analyzed. During the last couple of months, the average price has hardly changed, remaining the same going from KSh 4,889,790.5 to KSh 4,945,475 during January and February.
The average price for Land Rover Discovery has had a strong rise in recent years. Between "before 2000" and 2012, the average price is KSh 2,116,922.5. There was a significant inflation of the average price in "before 2000" (KSh 765,000) moving up till (KSh 4,224,937)in 2012. During the next two years (2013, 2014) the price for the aforementioned model has gone up strongly a 133 %. During the last two years, prices in the car industry have gone through a strong rise of 24 % 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 6,493,763.5) and the the last two years that have been analyzed (2015, 2017) with a price of KSh 8,053,958.5.
The graph that displays the price for Land Rover Discovery 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 67 % more affordable than the average price (KSh 5,004,725). Next with a price of KSh 2,393,839 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 9% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of KSh 4,500,271.