The Number 1 Resource for Vocational Truck Fleets

Remarketing

Trucks, SUVs Top July Retention Value

August 12, 2015

Photo of 2014 Expedition courtesy of Ford.
Photo of 2014 Expedition courtesy of Ford.

Trucks and SUVs logged the strongest resale value during July in a month that saw lighter depreciation of 1.3 percent for 2010-2014 model year vehicles, according to Black Book.

Meanwhile, domestic cars depreciated 2.1 percent, while import cars fell 1.7 percent. Domestic trucks fell 0.6 percent and import trucks declined 1.3 percent. Black Book expects a 14.5-percent overall depreciation for 2015, which would be an improvement from pre-recession levels of between 15 and 18 percent.

Trucks held the seven top slots among vehicle categories for retention. Full-size SUVs led the way with a flat depreciation level ($26,166), followed by full-size pickups (down 0.1 percent to $24,286) and compact SUVs (down 0.3 percent to $25,844). Three categories fell 0.7 percent, including compact pickups ($19,344), mid-size pickups ($17,081), and mid-size SUVs ($22,168).

Luxury cars recorded the best retention among cars with a 0.8-percent decline to $24,736.

Cargo minivans showed the highest depreciation, falling 3.1 percent to $8,502. They were followed by full-size cars, which fell 2.5 percent to $12,907.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Article News

Popular Stories

FleetFAQ

Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All

 

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All

 

Executive Report

How to Use GPS to Measure a Quality Stop

The next step in using GPS tracking technology is to manage miles, fuel and customer activity together to achieve greater net profit per visit.
 
Sponsored by

Armed with enthusiasm and what appeared to be a sympathetic ear in Detroit, William Mitchell and 16 other Chevrolet dealers founded Chevway Corp. in March 1965.

Read more