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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.
Read More →Black Book’s report noted that although used vehicles depreciated 1.3 percent across all segments in June, the mid-size pickup truck category saw depreciation of only 0.7 percent for model years 2007-2011.
Read More →Currently, there are very few model options available in the mid-size pickup truck category, ultimately driving strong wholesale prices.
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Five used-car segments have resumed price declines after a strong Spring buying season, which is typically strong when shoppers purchase used vehicles with tax rebate money.
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A look back over the past decade may shed some light on what to expect from the recent fiscal crisis. Overall, Black Book anticipates a positive impact on values.
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