The used-vehicle market weakened in January, as 2008-'12 model-year vehicles depreciated 1.9 percent compared to the 1.4 percent depreciation in December, according to Black Book's monthly reporting.
by Staff
February 11, 2014
Photo of 2010 Ford Ranger pickup via Wikimedia.
1 min to read
Photo of 2010 Ford Ranger pickup via Wikimedia.
The used-vehicle market weakened in January, as 2008-'12 model-year vehicles depreciated 1.9 percent compared to the 1.4 percent depreciation in December, according to Black Book's monthly reporting.
The January data brought the used-market to the higher end of pre-recession depreciation that averaged from 1 percent to 2 percent per month.
Ad Loading...
Compact pickup trucks and prestige luxury cars led all Black Book vehicle categories; each gained 0.7 percent in retention value. Examples of compact pickups include the Nissan Frontier, Mazda Pickup, Ford Ranger, and Toyota Tacoma.
All other vehicle categories fell. The sharpest declines came among cargo minivans, full-size SUVs and passenger cars. Cargo minivans fell 4 percent, while the full-size SUV category fell 3.4 percent from December. The entry mid-size and upper mid-size car categories each fell 2.6 percent.
AI-powered inspections are transforming last-mile fleets by replacing manual checks with highly accurate automated scans that detect defects in seconds. By giving fleet operations visibility into the daily condition of their vehicles, you can identify trends over the vehicle’s lifecycle that enable improved procurement decisions, route management, driver training and accountability.
Still managing your motor pool with spreadsheets and manual approvals? Loyola University replaced outdated processes with automated fleet management, eliminating overtime and saving up to $50,000 annually. See how they did it.
48% of field service leaders are investing in AI to manage customer communication and self-service. Get the latest on how fleets are using AI and thinking about the future.
This video features a reminder from the Connecticut Department of Transportation (DOT) and the Connecticut Police Chiefs Association, urging drivers to prioritize safety this Halloween.