Used cars outperformed trucks in March, as full-size pickups, compact vans, compact cars, and sporty cars increased in value, while as overall used vehicles depreciated 0.6%, according to Black Book.
by Staff
April 7, 2017
Photo of 2014 Chevrolet Express courtesy of GM.
1 min to read
Photo of 2014 Chevrolet Express courtesy of GM.
Used cars outperformed trucks in March, as full-size pickups, compact vans, compact cars, and sporty cars increased in value, while as overall used vehicles depreciated 0.6%, according to Black Book.
Passenger cars depreciated 0.3%, while trucks fell 0.8% in value. All vehicles are depreciating at 17.9% over the past year. Black Book looked at wholesale data from the 2011 to 2015 model years.
Ad Loading...
Of the four highest-performing categories, compact vans preformed the best, increasing 2.1% in value to $9,813. Vehicles in this segment include the Chevrolet City Express, Ford Transit Connect, Mercedes-Benz Metris, Nissan NV and the Ram C/V. Compact vans have depreciated 20.9% from its year-ago price of $12,413.
Full-size pickups increased 0.1% in value to $26,593 and have depreciated 8.7% over the past year. Compact cars increased 0.2% to $13,537.
Prestige luxury cars showed the highest depreciation among segments, dropping 3.7% to $35,939 during the month. Vehicles in this segment include the Audi A8, Porsche Panamera, Jaguar XJ, Lexus LS 460, Mercedes-Benz S-Class and the BMW 7-Series. Vehicles in this category have fallen an average of 26.7% since last year's value of $49,000.
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.
REP Inspection Services, led by someone with more than 30 years of industry experience, has launched its professional inspection services for trucks, trailers, and equipment across the commercial vehicle industry.
ChatGPT said:
One Inc and Copart partner to speed up lienholder payments, helping insurers process total loss vehicle claims faster and improve customer experiences.