The Number 1 Resource for Vocational Truck Fleets

Remarketing

Large SUVs Soar, Compact Vans Sink at January Auctions

February 05, 2016

Photo via Wikimedia.
Photo via Wikimedia.

Used Full-Size SUVs depreciated the least, while compact vans and Subcompact Luxury CUVs fell hardest in the auction lanes during January, according to Black Book's monthly report.

"For the third straight month we have seen the lowest depreciation of all segments in Full-Size Crossover/SUVs,” said Anil Goyal, Black Book's vice president of automotive valuation and analytics. "This trend, combined with continued low gas prices, is a sign that larger vehicles may continue to demonstrate relative strength in their value throughout this year."

Vehicles from model years 2010 to 2014 fell an average of 1.6% in value. Cars declined 1.7%, while trucks fell 1.5%.

Compact vans fell hard at auction. The category has also seen slower demand in the new-vehicle market. The category depreciated 3.6% to $10,101 and has fallen 22.8% since a year ago.

While compact vans struggle, full-size vans have held their value much better, falling 1.6% to $19,738 in January and 6.8% on the year.

Subcompact Luxury CUVs such as the Audi Q3, BMW X3, and Buick Encore fell 4% to $17,314 in January. The category has declined 21.2% from a year ago.

At the other end of the spectrum, Full-Size SUVs such as the Ford Flex, Volkswagen Touraeg, Lincoln MKT, Chevrolet Traverse, and Mazda CX-9 depreciated 0.3% to $25,063. The category is off 1.7% year-over-year.

Comment On This Story

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

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts 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

A not-for-profit association for professionals who manage fleets of sedans, public safety vehicles, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for organizations across the globe

Read more