Fleet data collected in 2019 found that depreciation expenses for most vehicles went down in 2019.
This was based on aggregate data that Automotive Fleet collected from six fleet management companies: ARI, Donlen, Emkay, Enterprise Fleet Management, Merchants Fleet, and Wheels Inc. The data tracks information such as average monthly miles; average months in service; average cap cost; monthly depreciation cost in CPM; and depreciation dollars per month.
What we found through this data was that depreciation expenses for full-size vans, intermediate cars, light trucks, and SUVs were down in 2019 compared to expenses in 2018.
The biggest year-over-year difference in depreciation expenses came from the full-size van segment, according to the data. In 2019, the average cost of depreciation per month the full-size van segment was $300.20, which represented an $85 decline in monthly cost.
Our data found that only two of the vehicle segments we track saw higher monthly depreciation costs in 2019: compact cars and minivans.
The difference in cost for compact cars was small, roughly $1 more than in 2018. The difference within the minivan segment was more substantial at about $52.
But, even with these two segments posting higher monthly depreciation costs, the overall data shows that 2019 was a strong year for fleet remarketers.