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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.
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Mainstream electric vehicles (EV) are depreciating much faster than their gas sister models, according to new data from Black Book.
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Smaller cars showed the highest depreciation levels in June, while SUVs, pickups, and vans showed relative strength in a used-car market that's now tilted toward larger, less fuel efficient vehicles.
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The average price of a used vehicle from the 2009 to 2013 model years fell 1.2 percent in May with several truck and van segments registering positive gains from April, according to Black Book.
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Increased buying opportunities and a favorable economic climate are limiting price growth, and the supply of quality used trucks is expected to increase.
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Compact SUVs held the strongest retention value in April, increasing 2.8 percent in a month that saw overall depreciation largely unchanged from March levels, according to Black Book.
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Used vehicles in the 2009-2013 model years fell 0.7 percent in value in March in a market bolstered by tax buying season and strong residual values of full-size vans, according to Black Book.
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Black Book has announced the hire of Laird Popkin as its chief technology officer and senior vice president.
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The average price of a used vehicle fell 1.2 percent in February as colder weather brought strength to SUV segments for the month, according to Black Book.
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Ricky Beggs will retire from Black Book on April 1 as one of the leading authorities in the vehicle remarketing industry after a 34-year career with the used-vehicle data provider.
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