Toyota Innova Vehicles have gone through a slight rise in their retail price recently. The prices for this particular model have risen.
The retail prices for Toyota Innova cars have increased during the last 6 months. The average price for July is RM 107,468. During August there was a slight reduction in the selling prices dropping till RM 101,635. During the following two months (September, October) the average selling price rose somewhat going from RM 104,551.5 to RM 112,418.5. The average price has risen 15 % during the last two months. This result was obtained based on the price for the first four months (PRECIO1!) and the price (RM 124,490.5) during November and December.
The average price for Toyota Innova has remained constant in recent years. During the first sample analyzed, going from 2005 to 2016, the average price was RM 55,252.42. Please take note of of the significant depreciation in the prices between 2005 (RM 60,767) and 2016 (RM 43,609). During the next two years (2017, 2018), the average price went up 11 % moving from !PRECIO1! to RM 61,206.5, During the last two years, prices in the car industry have gone up 12 % 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 69,428) and the the last two years that were studied (2019, 2020) with a price of RM 77,649.5.
The graph that displays the price for Toyota Innova cars according to their mileage shows that those cars within a mileage range of "10,000 - 25,000" are the ones with the lowest price. They are 84 % more affordable than the average price (RM 123,477). Next with a price of RM 43,123 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "100,000 - 200,000". It is 5% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of RM 84,500.