Domestic Cars Outperform Trucks in January Depreciation
Full-size cars finished January with the strongest retention value in a month that saw used vehicles depreciate 1.2 percent, according to Black Book's monthly report.
by Staff
February 11, 2015
Photo of 2013 Chevrolet Tahoe courtesy of GM.
1 min to read
Photo of 2013 Chevrolet Tahoe courtesy of GM.
Full-size cars finished January with the strongest retention value in a month that saw used vehicles depreciate 1.2 percent, according to Black Book's monthly report.
Full-size cars from the 2009-2013 model years rose 0.1 percent in value in January to $11,659, a 12.4 percent decline from a year ago. This category includes the Chevrolet Impala, Chrysler 300, Ford Taurus, Nissan Maxima, and Toyota Avalon.
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Other car categories also topped the list of smallest depreciation decline, including entry level cars (0.5 percent to $7,784) and compact cars (0.5 percent to $9,269). However, mid-size cars fell into the lower end of the declines, as entry mid-size cars fell 1.7 percent to $11,534 and upper mid-size cars fell 1.1 percent to $10,959.
Passenger minivans including the Dodge Caravan and Toyota Sienna finished with the highest depreciation, falling 2.2 percent to $14,639. Full-size SUVs such as the Dodge Durango, Ford Expedition, and Chevrolet Tahoe were also high on the list, falling 2 percent to $22,255.
Smaller trucks and SUVs fared better than larger vehicles. Full-size pickups were in line with the average with a 1.2 percent decline to $25,309.
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