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Used-vehicle depreciation improved toward the end of 2013, and vehicles depreciated 12.8 percent in the year, a slight pullback from the 12.4 percent depreciation in the previous year, reports Black Book.
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Compact pickups and compact SUVs retained the most value in remarketing sales during November, according to a Black Book report released Monday.
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When looking at the car segment changes the highest percentage changes come from the opposite extremes of fuel-economy levels. The trucks average segment change decline has increased for the third consecutive week but not at the same level as the cars.
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Black Book’s recent overview of depreciation rates found that full-size cargo vans held their value in August, performing the best in terms of retention value, and that compact crossovers fell to the bottom of the pack, seeing the highest depreciation rate.
Read More →Used vehicles model-years 2007-2011 overall depreciated -1.4 percent in July, slightly more than the -1.3 percent pace in June and -1 percent level in May. Domestic trucks were -1.4 percent and import trucks were -1.3 percent.
Read More →SUVs, including the Compact, Full-size, Luxury, and Mid-size categories, made up four of the top seven best-performing vehicle segments for the month, according to a new report from Black Book.
Read More →Key factors affecting prices beyond the model-year changeover are a larger number of trade-ins, with 60 percent of new-car sales involving one, according to Black Book, and a greater supply of off-lease models.
Read More →Black Book’s Lender Solutions division analyzed historic vehicle segment data to develop retention level projections for the next 12 to 24 months.
Read More →Black Book released a report on depreciation rates for the month of June, noting that compact cars lead the pack in terms of depreciation for the month.
Read More →Compact, mid-size, and full-size pickups have all enjoyed strong retention during the past 12 months and are expected to continue to outperform during the next 12-24 months, offering a strong growth opportunity for auto lenders looking to expand their portfolios.
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