Domestic Cars Outperform Trucks in January Depreciation
Photo of 2013 Chevrolet Tahoe courtesy of GM.
Full-size cars finished January with the strongest retention value in a month that saw used vehicles depreciate 1.2 percent, according to Black Book's monthly report.
Full-size cars from the 2009-2013 model years rose 0.1 percent in value in January to $11,659, a 12.4 percent decline from a year ago. This category includes the Chevrolet Impala, Chrysler 300, Ford Taurus, Nissan Maxima, and Toyota Avalon.
Other car categories also topped the list of smallest depreciation decline, including entry level cars (0.5 percent to $7,784) and compact cars (0.5 percent to $9,269). However, mid-size cars fell into the lower end of the declines, as entry mid-size cars fell 1.7 percent to $11,534 and upper mid-size cars fell 1.1 percent to $10,959.
Passenger minivans including the Dodge Caravan and Toyota Sienna finished with the highest depreciation, falling 2.2 percent to $14,639. Full-size SUVs such as the Dodge Durango, Ford Expedition, and Chevrolet Tahoe were also high on the list, falling 2 percent to $22,255.
Smaller trucks and SUVs fared better than larger vehicles. Full-size pickups were in line with the average with a 1.2 percent decline to $25,309.