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 April was €65,314. This price hardly went through any changes and remained at €63,432 during May. The following two months (June, July) the selling price went through a devaluation of -14 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -7 % devaluation compared to the previous average values going down from €59,872.25 to €55,952.5 during August and September.
The average price for BMW 7 Series has had a strong rise in recent years. Between 2008 and 2016, the average price is €21,054.2. There was a significant inflation of the average price in 2008 (€6,892) moving up till (€41,097)in 2016. During the next two years (2017, 2018) the price for the aforementioned model has gone up strongly a 157 %. During the last two years, prices in the car industry have gone through a strong rise of 24 % 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 (€71,533) and the the last two years that have been analyzed (2019, 2020) with a price of €88,860.
The graph that displays the price for BMW 7 Series cars according to their mileage shows that those cars within a mileage range of "more than 200,000" are the ones with the lowest price. They are 86 % more affordable than the average price (€56,894). Next with a price of €19,453 and a mileage range of "100,000 - 200,000" we would see the following vehicles. The mileage range for the most expensive cars is "less than 10,000". It is 64% more costly than the average market value followed by those vehicles with a mileage of "10,000 - 25,000" and a price of €62,661.
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 89 % less expensive than the average market price (€56,894) followed by "Diesel" priced at €49,730. On average the most expensive type of fuel is "Hybrid". It´s price is 26 % higher than the average market price followed by "Diesel" which costs €49,730.
The graph displaying the average price for vehicles with doors shows that BMW 7 Series automobiles with the cheapest price have 4 doors. They are 5 % cheaper than the average price for this model priced at €54,255. Cars with the the highest price have 5 doors and are 93 % more expensive than the average mentioned before.