Price for MG MG 3
MG MG 3 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 MG MG 3 cars has fallen during the last 6 months we have analyzed. The average price in November was £16,319. This price hardly went through any changes and remained at £16,646 during December. The average selling price has remained fairly constant during the following two months, going from £16,482.5 to £15,959. In the last two months, the price has gone through a strong devaluation of -25 % compared to the 4 previous average values going down from £16,220.75 to £12,132.
The average price for MG MG 3 has had a strong rise in recent years. Between 2014 and 2019, the average price is £6,084.17. There was a significant inflation of the average price in 2014 (£5,063) moving up till (£8,768)in 2019. During the next two years (2020, 2021) the price for the aforementioned model has gone up strongly a 62 %. 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 (£10,828.75) and the the last two years that were studied (2022, 2023) with a price of £11,773.5.
The graph that displays the price for MG MG 3 cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 36 % more affordable than the average price (£8,647). Next with a price of £6,827 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 31% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of £9,216.
