Rolls Royce 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 Rolls Royce cars has had a strong depreciation during the last 6 months we have studied. The average price for October is £302,471. During November there was a slight reduction in the selling prices dropping till £267,878. The following two months (December, January) the selling price went through a devaluation of -12 percent in the average selling price compared to the previous two months analyzed. In the last two months, the price has gone through a strong devaluation of -17 % compared to the 4 previous average values going down from £267,571.25 to £222,036.5.
The average price for Rolls Royce has had a strong rise in recent years. Between "before 2000" and 2019, the average price is £115,975.1. There was a significant inflation of the average price in "before 2000" (£21,259) moving up till (£223,480)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 131 %. 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 (£297,117.5) and the the last two years that were studied (2022, 2023) with a price of £326,327.
The graph that displays the price for Rolls Royce 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 79 % more affordable than the average price (£197,034). Next with a price of £56,665 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 5% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of £174,698.
The graph showing the average price for Rolls Royce cars displays those with 4 doors as the cheapest ones. They are 54 % more affordable than the average price (£197,034). These are followed by those with 2 doors with an average price of £139,577. Cars with the the highest price have 5 doors and are 45 % more expensive than the average mentioned before.