Used medium-duty truck models (model-years 2005-2012) experienced a 1% resale value decline in February, and resale values for trucks model-year 2013-2014 dropped 0.9%.
Mainstream electric vehicles (EV) are depreciating much faster than their gas sister models, according to new data from Black Book.
Black Book’s Lender Solutions division analyzed historic vehicle segment data to develop retention level projections for the next 12 to 24 months.
Automotive Fleet spoke with Black Book’s Ricky Beggs, senior analyst for the company, about the effect models introduced at the North American International Auto Show (NAIAS) in Detroit will have on used-vehicle values in the future.
KBB’s Best Resale Value Awards are based on projections from the Kelley Blue Book Official Residual Value Guide and look at current and forthcoming vehicles for their projected retained value throughout the initial five-year ownership period. The awards are by brand and by vehicle segment.
Price drops for a number of used-vehicle segments are starting to slow as higher demand for vehicles in the wake of hurricane Sandy is starting to kick in, according to Black Book.
Post Hurricane Sandy, the used-car market is about to see changes that will slow down vehicle resale value depreciation and possibly even push up prices in some categories, according to Black Book’s Senior Analyst Ricky Beggs.
GAINESVILLE, GA – Black Book reported that resale values declines in the car segment have become increasingly large since April, though the truck segment, on the other hand, has seen price drops slow.
The two biggest segment drops for the first six months of 2012 are the Near Luxury Car and Full-Size Van Cargo categories, at -5.7% and -6.2% respectively.
Resale values have been high for the past two years-plus in the wake of the automotive industry’s 2009 downturn, but recent values haven’t been quite as strong in a number of vehicle categories. As for fleet vehicle segments that are retaining value, core 'fleet' sedans, have resale values that are staying strong.
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