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Full-size pickups led vehicle depreciation in February, while mid-size cars, full-size cars, and utility vehicles held their value best, according to Black Book.
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Residual values of full-size vans have remained strong while compact vans have weakened in the past year, creating a widening gap that has created two used van markets for fleet sellers.
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Used Full-Size SUVs depreciated the least, while compact vans and Subcompact Luxury CUVs fell hardest in the auction lanes during January, according to Black Book's monthly report.
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The full-size pickup segment experienced the least depreciation seen in the segment since September 2015 with 0.02 percent. Additionally, the medium-duty truck market held steady this past month.
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The wholesale used-vehicle market finished 2015 stronger than expected with an average 13.2% depreciation rate for used vehicles two to six years old and trucks retaining their value 9% better than passenger cars on average.
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Used vehicles depreciated 2.8% in November during a month that typically sees higher depreciation as vehicles lose greater value toward the end of the year, reports Black Book.
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Full-size cargo and passenger vans logged the least amount of depreciation in October and with pickups bolstered the used vehicle market, which saw a sharp increase from September, according to Black Book.
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Volkswagen's diesel models have lost their value in the auction lanes at a much sharper rate than comparable gasoline models since revelations came to light that the company had included a software cheat in the vehicles to beat emissions tests.
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Used vehicles sold at auction declined 1.5% in value in September — a depreciation pace relatively unchanged from August — in a month that saw relative strength in some truck segments and compact cars continue their slide, according to Black Book.
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Mid-size SUVs from the 2010 to 2014 model years recorded the highest depreciation in August, slipping 3 percent from July to $18,650, while compact pickups increased in value during the month, according to Black Book.
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