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.
by Staff
November 16, 2015
Photo of 2013 Chevrolet Express courtesy of GM.
1 min to read
Photo of 2013 Chevrolet Express courtesy of GM.
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.
The average price of a used vehicle from model years 2010-2014 declined 2.6% in value during the month, compared to a decline of 1.5% in September. Black Book expects annual depreciation to come in at about 13% for the full year, which is less than the 15%-18% annual declines before the recession.
Ad Loading...
Full-size cargo vans fell only 1% to $19,608 and full-size passenger vans fell 1.2% to $20,083. Compact pickups, mid-size pickups, and full-size pickups fell 1.1% ($18,991), 1.3% (16,497), and 1.4% ($23,748).
Overall, trucks remain stronger at auctions with a 2% decline to $19,032 compared to cars, which fell 3.3% to $12,099. Year-over-year, trucks have depreciated 7.5% and cars have lost 15.3% in value.
Car segments saw the most depreciation in October, along with cargo mini vans that declined 5% to $7,530. The category that includes the Ford Transit Connect and Dodge Grand Caravan fell 16.3% year over year.
A vehicle health score could improve the value of fleet vehicles at remarketing. The path to a universal standard is forming, and fleets that understand the process early will be better positioned when it arrives.
The Iranian conflict and rising gas prices inject much uncertainty into the future wholesale used vehicle markets, as higher gas prices soak up spendable income from vehicle buyers.
James McKinley of City Rent a Truck was named the inaugural Fleet Value Champion at the CAR Conference for his data-driven approach to fleet lifecycle management and vehicle remarketing.
CAR’s annual Fleet Remarketing Awards opened a reimagined 2026 conference designed to bridge the worlds of fleet management and automotive remarketing.
Here's a look inside the awards ceremony at the CAR Conference, where industry leaders reflected on the growth, impact, and future of automotive remarketing.
AI is no longer a luxury but the baseline for profitability in 2026. Auto haulers that adopt these tools now will quickly outpace those that use manual workflows or take a wait-and-see approach.
The 2026 Conference of Automotive Remarketing convened with a mandate to involve a new constituency — fleet managers — and an updated mission to demonstrate unrealized value in de-fleeted vehicles.
