Lexus RX 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 Lexus RX cars have remained constant in the last 6 months. The average price in October was of RM 347,210. This price hardly went through any changes and remained at RM 349,132 during November. The average selling price has remained fairly constant during the following two months, going from RM 348,171 to RM 338,372.5. In the last two, the price has gone through a -6 % devaluation compared to the previous average values going down from RM 343,271.75 to RM 324,137 during February and March.
The average price for Lexus RX has had a strong rise in recent years. Between 2005 and 2019, the average price is RM 150,753.56. There was a significant inflation of the average price in 2005 (RM 31,133) moving up till (RM 268,873)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 102 %. During the last two years, prices in the car industry have gone up 10 % 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 (RM 339,993.5) and the the last two years that were studied (2022, 2023) with a price of RM 375,156.
The graph that displays the price for Lexus RX 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 57 % more affordable than the average price (RM 324,346). Next with a price of RM 236,708 and a mileage range of "50,000 - 100,000" 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 "10,000 - 25,000" priced at RM 311,800.