Black Book Says Lack of New Models Is Keeping Used Mid-Size Pickup Prices High
Black Book’s report noted that although used vehicles depreciated 1.3 percent across all segments in June, the mid-size pickup truck category saw depreciation of only 0.7 percent for model years 2007-2011.
Black Book issued a recent report on used mid-size pickup truck prices that noted that wholesale prices for these vehicles are strong, largely due to a lack of model options on the market.
Black Book’s report stated that although used vehicles depreciated 1.3 percent across all segments in June, the mid-size pickup truck category saw depreciation of only 0.7 percent for model years 2007-2011.
Next, when looking at the 12-month depreciation rate, the difference is more dramatic, according to Black Book’s figures. The company said used vehicles overall depreciated 13.7 percent during the last 12 months but that mid-size pickups only depreciated 5.1 percent during that period. When it comes to model-years, Black Book noted that 2010-MY mid-size pickups saw very low depreciation over the last 12 months, at only 3.7 percent.
Vehicles in the mid-size pickup category include the GMC Canyon and Chevrolet Colorado (both slated to see new versions sometime in 2014, according to statements by GM North America President Mark Reuss); the Dodge Dakota, and the Honda Ridgeline.
“Manufacturers shifted more production to the Fullsize Pickups during the last several years because of their profitability, versatility and improved fuel economy, and they have not replenished models that were discontinued,” said Black Book’s Senior VP Rick Beggs.
The chart below, courtesy Black Book, shows depreciation for the different mid-size pickup model-years.
Vehicle | 7/1/2012 | 6/1/2013 | 1M Chg | 7/1/2013 | 3M Chg | 12M Chg |
|---|---|---|---|---|---|---|
5-Year Average Used | $20,428 | $17,874 | -1.30% | $17,636 | -2.40% | -13.70% |
5-Year Average MPT | $16,470 | $15,733 | -0.70% | $15,630 | 0.20% | -5.10% |
2011 Model Year MPT | $21,088 | $20,256 | -0.30% | $20,188 | 0.20% | -4.30% |
2010 Model Year MPT | $19,355 | $18,745 | -0.50% | $18,645 | 0.50% | -3.70% |
2009 Model Year MPT | $16,579 | $15,717 | -0.60% | $15,625 | -0.90% | -5.80% |
2008 Model Year MPT | $14,604 | $13,888 | -0.90% | $13,758 | 0.60% | -5.80% |
2007 Model Year MPT | $12,746 | $12,071 | -1.00% | $11,954 | 0.60% | -6.20% |
More Remarketing

When Should a Fleet Repair Vehicle Damage Before Remarketing?
Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
Read More →
Wholesale Used-Vehicle Values Fall as Cox Automotive Cuts 2026 Forecast
Wholesale used-vehicle prices declined in September as depreciation accelerated, prompting Cox Automotive to lower its year-end forecast.
Read More →
FLD Promotes Three Executives in Leadership Changes
FLD has promoted three longtime executives, naming Gary Mott CEO, Richard Mallek president, and Ron Sanders managing partner.
Read More →
Ford Pro Launches Certified Pre-Owned Program for Commercial Vehicles
Ford Pro Advantage will offer certified pre-owned Class 1-7 commercial vehicles through more than 700 Ford Pro Commercial Vehicle Centers.
Read More →
Copart to Acquire ACV in $1.9 Billion Deal
The acquisition would expand Copart beyond its traditional salvage business into dealer-to-dealer wholesale remarketing while adding ACV’s vehicle data, inspection, and valuation technology.
Read More →
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →
Commercial Fleet Sales Contribute To June, YTD Gains
The fleet sector has boosted its vehicle purchases at a reliable pace in the first half of this year compared with 1H 2025.
Read More →
Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
Read More →
Wholesale Used Vehicle Market Sustains Moderate Rise In Values, Prices
Trends continue to normalize after a strong start to the year, as consumers contend with higher gas prices in the coming summer months.
Read More →
Commercial Fleet Sales Still Lead Sectors Despite May Mini Dip
The U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
Read More →