BMW Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for BMW cars have gone through a strong rise during the last 6 months. The average price for December is £122,441. During January there was a slight reduction in the selling prices dropping till £112,480. The average selling price has remained fairly constant during the following two months, going from £117,460.5 to £114,408.5. The average price has had spectacular rise of 376 % with an average price of £115,934.5 during the previous 4 months and £551,690.5 during the most recent months in April and May.
The average price for BMW has had a strong rise in recent years. Between "before 2000" and 2018, the average price is £20,155.1. There was a significant inflation of the average price in "before 2000" (£15,028) moving up till (£58,738)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 270 %. 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 (£79,965.25) and the the last two years that were studied (2021, 2022) with a price of £85,375.
The graph that displays the price for BMW 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 100 % more affordable than the average price (£991,555). Next with a price of £23,645 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 0% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at £80,011.
The graph showing the average price for the fuel type for BMW cars points out to "Electric" as being the cheapest fuel type. It is 59 % less expensive than the average market price (£991,555) followed by "Hybrid" priced at £633,458. On average the cheapest type of fuel is "Petrol". It´s price is 1 % more affordable than the average market value followed by "Diesel" with a price of £979,774.
The graph showing the average price for BMW cars displays those with 3 doors as the cheapest ones. They are 98 % more affordable than the average price (£991,555). These are followed by those with 2 doors with an average price of £81,726. Cars with the lowest average price have 5 !doors and are 90 % cheaper than the average followed by those with 4 doors with a selling price of £82,147.