BMW 7 Series 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 BMW 7 Series cars has fallen during the last 6 months we have analyzed. The average price in September was £42,798. This price hardly went through any changes and remained at £43,373 during October. The following two months (November, December) the selling price went through a devaluation of -7 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -9 % devaluation compared to the previous average values going down from £41,657 to £37,825 during January and February.
The average price for BMW 7 Series has had a strong rise in recent years. Between "before 2000" and 2018, the average price is £12,687.36. There was a significant inflation of the average price in "before 2000" (£5,293) moving up till (£26,499)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 180 %. During the last two years, prices in the car industry have gone up 14 % 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 (£41,310) and the the last two years that were studied (2021, 2022) with a price of £47,048.
The graph that displays the price for BMW 7 Series 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 74 % more affordable than the average price (£37,301). Next with a price of £25,109 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 48% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of £36,731.
The graph showing the average price for the fuel type for BMW 7 Series cars points out to "Petrol" as being the cheapest fuel type. It is 47 % less expensive than the average market price (£37,301) followed by "Diesel" priced at £30,628. On average the most expensive type of fuel is "Hybrid". It´s price is 5 % higher than the average market price followed by "Diesel" which costs £30,628.
The graph displaying the average price for vehicles with doors shows that BMW 7 Series automobiles with the cheapest price have 5 doors. They are 46 % cheaper than the average price for this model priced at £19,961. Cars with the lowest price have 4 doors and are 2 % cheaper than the average previously displayed.