Price for Kia Picanto
Kia Picanto 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 Kia Picanto cars has had a strong depreciation during the last 6 months we have studied. The average price in September was £16,695. This price hardly went through any changes and remained at £16,506 during October. The average selling price has remained fairly constant during the following two months, going from £16,600.5 to £15,809. In the last two months, the price has gone through a strong devaluation of -52 % compared to the 4 previous average values going down from £16,204.75 to £7,762.
The average price for Kia Picanto has had a strong rise in recent years. Between 2005 and 2020, the average price is £4,943.87. There was a significant inflation of the average price in 2005 (£1,828) moving up till (£9,992)in 2020. During the next two years (2021, 2022) the price for the aforementioned model has gone up strongly a 138 %. During the last two years, prices in the car industry have gone up 9 % 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 (£12,922.5) and the the last two years that were studied (2023, 2024) with a price of £14,099.
