Lexus RX 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 Lexus RX cars has had a strong depreciation during the last 6 months we have studied. The average price in October was €46,490. This price hardly went through any changes and remained at €46,641 during November. The following two months the selling price went through a strong reduction of -25 % compared to the previous two months studied. In the last two, the price has gone through a -12 % devaluation compared to the previous average values going down from €40,670.75 to €35,842.5 during February and March.
The average price for Lexus RX has had a strong rise in recent years. Between 2008 and 2014, the average price is €16,883. There was a significant inflation of the average price in 2008 (€7,299) moving up till (€26,467)in 2014. During the next two years (2016, 2017) the price for the aforementioned model has gone up strongly a 121 %. During the last two years, prices in the car industry have gone through a strong rise of 17 % 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 (€44,901.75) and the the last two years that have been analyzed (2018, 2020) with a price of €52,545.
The graph that displays the price for Lexus RX 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 72 % more affordable than the average price (€37,078). Next with a price of €26,860 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 9% more costly than the average market value followed by those vehicles with a mileage of "100,000 - 200,000" and a price of €26,860.
The graph displaying the average price for vehicles with doors shows that Lexus RX automobiles with the cheapest price have 5 doors. They are 7 % cheaper than the average price for this model priced at €34,349. Cars with the the highest price have 4 doors and are 9 % more expensive than the average mentioned before.