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 December was £59,747. This price hardly went through any changes and remained at £57,990 during January. The average selling price has remained fairly constant during the following two months, going from £58,868.5 to £57,099.5. In the last two, the price has gone through a -7 % devaluation compared to the previous average values going down from £57,984 to £54,131 during April and May.
The average price for BMW 7 Series has had a strong rise in recent years. Between "before 2000" and 2016, the average price is £10,667.73. There was a significant inflation of the average price in "before 2000" (£5,535) moving up till (£25,678)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 184 %. During the last two years, prices in the car industry have gone through a strong rise of 20 % compared to the average values for the previous 4 years. This was taken from studying the prices for the the preceding four years in previous sample (£37,746.75) and the the last two years that have been analyzed (2019, 2020) with a price of £45,210.
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 89 % more affordable than the average price (£51,451). Next with a price of £24,097 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 5% less expensive than the average market value followed by those cars with a mileage of "10,000 - 25,000" priced at £33,845.
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 44 % less expensive than the average market price (£51,451) followed by "Diesel" priced at £43,968. On average the cheapest type of fuel is "Hybrid". It´s price is 11 % more affordable than the average market value followed by "Diesel" with a price of £43,968.
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 55 % cheaper than the average price for this model priced at £22,947. Cars with the lowest price have 4 doors and are 6 % cheaper than the average previously displayed.