BMW 116 Vehicles have gone through a strong increase in their selling price recently. There has been a considerable inflation in the selling prices for this model.
The retail prices for BMW 116 cars have gone through a strong rise during the last 6 months. During the first month analyzed in December the average price was . January went through a strong inflation with a rise in the price till €13,477. During the following two months (February, March) the average selling price experienced a noticeable rise, going up 122 % from €6,738.5 to €14,958. The average price has had spectacular rise of 22 % with an average price of €10,848.25 during the previous 4 months and €13,181.5 during the most recent months in April and May.
The average price for BMW 116 has had a strong rise in recent years. Between 2011 and 2013, the average price is €10,535. There was a significant inflation of the average price in 2011 (€9,133) moving up till (€11,733)in 2013. During the next two years (2015, 2016) the price for the aforementioned model has gone up strongly a 59 %. During the last two years, prices in the car industry have gone up 13 % 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 (€19,392.75) and the the last two years that were studied (2018, 2019) with a price of €22,005.
The graph that displays the price for BMW 116 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 48 % more affordable than the average price (€13,061). Next with a price of €11,499 and a mileage range of "50,000 - 100,000" we would see the following vehicles. The mileage range for the most expensive cars is "25,000 - 50,000". It is 39% more costly than the average market value followed by those vehicles with a mileage of "50,000 - 100,000" and a price of €11,499.
The graph showing the average price for the fuel type for BMW 116 cars points out to "Petrol" as being the cheapest fuel type. It is 58 % less expensive than the average market price (€13,061) followed by "Diesel" priced at €14,724. On average the most expensive type of fuel is "Diesel". It´s price is 13 % higher than the average market price followed by "Petrol" which costs €5,533.
The graph displaying the average price for vehicles with doors shows that BMW 116 automobiles with the cheapest price have 5 doors. They are 8 % cheaper than the average price for this model priced at €11,962. Cars with the the highest price have 4 doors and are 11 % more expensive than the average mentioned before.